I started a tech business 8 months ago; however, it is now closed due to COVID-19. My business was web-based and enabled caregivers to easily save and access secured medication and visitation records and to receive payments for services rendered to the elderly or for other hospice services. The business was growing rapidly from the on-set until COVID-19 entered and spread across the US.
Firstly, hospice workers were disallowed from rendering services to the elderly or the sick in order to curtail the spread of the virus. This impacted my revenue stream because the workers were my primary customers. I observed a massive drop in the usage of my web application because these workers were without jobs. In the same vein, I had pre-existing expenses I needed to fulfill that depended on the revenue I could generate. Everything went downhill two weeks after the lockdown because my business model relied on continued usage and payment per usage.
I am now without a job or business. I currently rely on getting freelance tech projects through my network pending when I am able to land something new. The economy is not great; therefore, I am not optimistic. I am hoping that this economic downtown reverses as soon as possible. COVID-19 has come as an absolute shock to us all.
The loss of my business has really pained me, but I am grateful that my health has not been impacted by the virus. My hearty condolences to the families of those who have lost a loved one to this virus.