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How startups are affected by COVID-19

startups are affected by COVID-19
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How startups are affected by COVID-19

Posted on August 6, 2020

In December 2019 the first mention of the Coronavirus in China filtered through the media. What started off as an epidemic, this virus soon permeated to the rest of the world. By 11th March 2020, the World Health Organization officially declared it to be a pandemic.

As there is no current vaccine for the virus, the government and the public have no choice but to implement social distancing even at the workspace to prevent the spread of the Coronavirus.

So, what does this pandemic mean for businesses, especially startups? Apart from the companies who have asked most of their employees to work from home, the rest of them are struggling to de-densify their workspaces to maintain social distancing. For such companies, Avanta office spaces in Delhi can be a great choice where disinfecting practices are being implemented all the preventive measures are taken care of. All the Avanta offices are safe and secure place to work amidst this pandemic.

Even after the COVID-19 lockdown in India, Work-from-home is being utilized by the use of various IT and Telecom services. As the supply chain is being aggressively disrupted during this economy, many startups will buckle down on their finances. Many new procedures will need to be put in place to keep the startups afloat. Prudent use of the company funds will be the priority.

Instead of spending money on maintaining the traditional office space rental, they could benefit from the usage of Avanta office space in Delhi or coworking spaces to keep their costs at a minimum. By having shared office space in Delhi, they can make use of a workstation in a prime location at a fraction of the cost.

Globally, everyone is waiting with bated breath for a vaccine to end this pandemic. In the meantime, strategizing on how to keep businesses operational after this lockdown ends is also crucial to its survival.

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Author: Anvesha Sharma

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