A crisis is a great business opportunity

in #steemiteducation5 years ago (edited)

When there is crisis, most people would start to worry and do not know what can they do.

There can be many business opportunities where entrepreneurs not only reap great profit but also get to help others.


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This article will explore some of the crisis that some countries may face that entrepreneurs were able to seize the business opportunities.

Water Crisis

In Singapore, water supply has always been a concern and can become a great crisis to the country.


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Olivia Lum saw the potential of water recycling and took the risk when she gave up her well-paying job at Glaxo and even sold her condominium and car to raise her capital to start her business.

After going through many difficulties, she managed to establish a well-known company today known as Hyflux that later on supplied and installed process equipment for the first water recycling plant of Singapore called the NEwater.

Her business grew beyond the boundaries of Singapore today and she was successful because she managed to see the water crisis as a business opportunity.

Currency Crisis

Currency inflation can be a serious crisis for all countries in the world.

During a crisis, a government can easily print more currency leading to the negative impact to our purchasing power because our daily products may have an accelerated increase of price.

In the past, many people invested in gold as a crisis currency backup since governments or banks can manipulate the value of currency.

With the rise of cryptocurrencies, we can see how cryptocurrencies can bypass the manipulation of banks and governments.


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There were some people who were able to see the potential of Bitcoin in the early days. These people invested and they had definitely reaped many times of profit today.

Crisis of crime rate

When we read the news and we are always extremely terrified and concerned with the increase of crime rate.

Almost every citizen would take extra precaution to prevent themselves to become a victim.


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This crisis becomes another great business opportunity for some.

When home security system was still not popular or rare, I imported home security systems to distribute to the local shops.


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Since there were not Alibaba and Taobao then, most people would need to purchase their things from physical shops.

The security systems were sold out within a short period and lots of shop owners called in to order for more.

In these modern days, many developers have created mobile apps for different crime prevention and these are really great opportunities that not only profitable but help others.

In conclusion

I have only mentioned a few nice examples to illustrate how crisis can be great business opportunity.

A great business mind should always think about how we can help others to cope with the crisis or make life better for others.

With these two fundamentals, we can definitely find different ways to seize the crisis as business opportunity.




Disclaimer: This is my personal reflection and I am not in any position to instruct anyone what they should do. I am not responsible for any action taken as a result of this post. My post can only be a reference for your further research and growth. By reading this post, you acknowledge and accept that. All images and pictures were taken from google images that are free from copyright under labelled for reuse.

This article was first published on my blog at Whaleshares


Posted from my blog with SteemPress : http://fun2learn.vornix.blog/2019/01/08/a-crisis-is-a-great-business-opportunity/

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Hi, @fun2learn

This part made me feel for a second you were talking about Venezuela, my country:

During a crisis, a government can easily print more currency leading to the negative impact to our purchasing power because our daily products may have an accelerated increase of price.

Because everything is so expensive now, it is difficult to have enough money to get what you need to start a business and keep it going. It is difficult and sometimes impossible to help others have a better life when almost everything works against every initiative you come up with.
However, you know, you're absolutely right: what I understand from what you explain here is that we should always be people of moral, people of principle. So whatever the opportunity we make use it has to on the principle of making life better.
My field is education; although I am a university teacher, I used to work a lot with children (creative writing, lit workshops, etc.); now because of hunger, delinquency and economic problems, academic and ludic activities have been second-placed. I feel my hands are tied. Reading your article has made me see there’s a new crisis in my country: Crisis of development (arrested development). I guess we need to find the way to help our people to rediscover what is like living like people of the 21st century before it is “too” late (for late it is already).

Thank you for your great comment! I know of people from Venezuela who are involved social platforms like this where they try to earn passive income. The need to find ways beyond the limitation that we see can help to break free from the hindrance from success.

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