The coronavirus pandemic brought about sudden changes in how businesses operate all over the country and the globe as a whole. With these changes, many entrepreneurs were hit hard economically. However, the government came up with a plan to offer relief to these businesses to help them bounce back and have a source of livelihood during the pandemic. This relief is in the form of cash, grants, and loans. In addition, the government implemented key policies to help businesses maintain their current workforce by providing tax reliefs to small and medium business entities.
Through the Coronavirus Business Interruption Loan Scheme, most businesses will stand to gain a lot and remain afloat throughout the entire period. This will especially apply to those businesses affected by the measures that were implemented by the government with the aim to curb the spread of the coronavirus pandemic.
David Azzato notes that an entrepreneur is someone who is resilient and maintains a go-getter attitude even when things are not going well for them. He continues to advise entrepreneurs to be forward-thinking and not stagnate due to the effects of the pandemic. There are companies that have changed their normal operations and incorporated key strategies that have helped them gain good momentum.
With the negatives that have been brought about by the pandemic, there have also been some positives. People have adopted a collective open mind. This way, people are able to continue operating but in a different way. Also, with the pandemic, people will have to adapt to working from home and investing in safety features that will keep their families safe during the pandemic. David notes that even as the going gets tough, an entrepreneur should maintain their ground and strive to be innovative as well as creative.
David Azzato on Investment Trust
David notes that it is important to channel your money in avenues that will earn your more interest. In light of this, it is important to consult with an expert in investment trust and funds to help you know how best to invest your money. David Azzato notes that it is important to conduct your due diligence on the best funds to channel your money through and not make a decision based on popular opinion. Some of the funds and investment trusts that he highlights include;
- Fidelity Special Values
- Threadneedle UK Equity Income
- Royal London Sterling Extra Yield, to mention but a few.
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