What Has the Coronavirus Recession Taught You and Your Business?

We are now 7-8 months into this Coronavirus pandemic and the recession that has come along with it. Erik recently asked on Twitter if the Coronavirus recession has taught you any business lessons that you will keep for the rest of your career.

For Erik, it reinforced a lot of the beliefs that he had going into the recession. Erik studied how to recession-proof your business around 2018 because a lot of people were predicting a recession in 2020. No one thought there was going to be a pandemic but they were right about the recession.

The first lesson Erik has learned is that we don’t really need an office, at least not right now. We’ve been operating fine remotely. Offices will likely be a thing again in the future but we’re far out from that. Lesson learned: we can hire from anywhere in the US and we don’t need to get a bigger office. This office is more than enough.

Several people responded to Erik on Twitter so make sure to listen to the episode to hear those too.