The complete investment sector is adversely affected by Covid-19. From a business point of view a lot of challenges are being faced by the start-ups in this pandemic situation. The demand and supply have been decreased for several start-ups. Let us see the impact of Covid-19 on start-ups in 3 steps.
- It is not possible to expand office space because of Coronavirus – In the pandemic situation it is not possible for some big trades to expand further. WeWork is an example of this. However, some other big businesses like RMZ stopped the trade.
- In spite of getting funds easily the difficult responsibility of overcoming pandemic is faced by budding companies – Starting a business is almost impossible in this pandemic situation. Because of the virus a lot of businesses have failed. However, state governments are providing them loans. But it is of no use.
- In order to prevent workplaces from Covid several companies are trying to develop the technology – It has been found that 644 people in America were infected with virus and they were working in a company known as Smithfield plant. All this happened in the spring season.