REDEFINING THE NEW NORMAL

Sequoia has termed the current crisis as BLACK SWAN of 2020. At a point where everything seems so unforeseen and unpredictable businesses have to get back to ground zero and rethink their entire plan of action about their future goals which might seem pretty far-fetched amidst the whole crisis. Policies, plans, budgets that were prepared earlier are proving to be futile. The whole pandemic is questioning the very basic existence of a business entity and there are question marks hovering over the minds of almost all the entrepreneurs about getting through and successfully sustaining throughout this grueling pandemic.

???????????Experts have suggested that entrepreneurs and traders shall from now question every assumption they might incorporate for running their business.??This is an uphill task for proprietors after spending years relying on basic assumptions. However it is incumbent for businesses around the world to follow this radical approach which is going to substantially vary from the fundamental rules of business but CHANGE IS CONSTANT and is undoubtedly here to stay. Talking about changes, our working spaces have evolved over the years, with co working spaces being the new block up. For a lot of co-working and serviced office providers, occupancy of their spaces will pose a huge challenge given the looming threat of COVID-19 . However incentivizing the customers of co working spaces can be a solution to this problem or another move can be to integrate vendors of various co-working spaces with organizations that bridge the gap between vendors and customers and yield a win – win situation for the vendors by incentivising them through a monetary benefit and for the customers by providing them a desired workspace at a cost that is significantly economical than the existing prices of the market. ?Amidst the pandemic offices only are targeting to distribute their work force into smaller and smaller groups in various offices. This creates a need for improved flexible spaces and various organizations can assist firms and employees in providing the spaces that are desired by them according to their will and wish.?This way there can be a predominant decrease in costs of the company and ?at the same time it can offer a huge benefit to the employee.However the owners of such spaces must play a very crucial role in supporting their spaces in this testing time as this is an industry which will see a V-shape recovery after the threat of Covid-19.

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