The first thing to know is that a lot of countries are breaking up their businesses into 6 categories. Take a company like Intertops Casino Red. You have to look at what does that company do, and how much interaction do its employees have with the outside world.
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The first two categories are in education.
Category 1: Schools
There are regular schools and there are tutoring schools. Regular schools are usually government paid for schools, so there is not much investment there. But even when the economy is reopened, even students are going to have to practice social distancing. 30 student classrooms are out of the question. Kids are going to have to attend school either on a rotating schedule or else half days.
Category 2: Tutoring centers, museums, musical centers, theaters, sports places
If parents still have to work, what are the parents going to do with the kids during the rest of the time? That is where tutoring centers, museums, sports places, etc. are going to fill that need. Maybe some places will offer onsite activities while others may offer online activities. Some of these places will not be allowed to open for full business right away, but organized small groups would definitely be allowed and fill a much needed temporary gap.
Category 3: High Tech Companies and companies were employees have low interaction with customers
Companies, where a majority of the employees have little to no interaction with clients, will also be the first to open. Hi-Tech companies would fit into these categories.
Category 4: Green Stores
Green companies are companies whose services are considered critical despite the economic crisis. Grocery stores, pharmacies, etc. are considered critical stores.
Category 5: Yellow Stores
These are stores fall in the middle of the range. They are not the ones that are considered critical, but they are not the ones, for example, tourism, that the government does not foresee people spending money on right away.
Art and hobby stores would be an example of a store that would fit into this category.
Restaurants and other places the government would want to see reopen, but they would have to take into account social distancing. So if a restaurant used to be able to seat 50 people, they may now only be allowed to seat 25 people.
Category 6: Red Stores
These are the stores that the government does not see the public spending money on immediately. Tourism fits into this category.
But does that mean that these industries are dead? As I started to explain above, no. Let’s take for example the Philadelphia orchestra. The Philadelphia Orchestra can’t hold full concerts, but they can hold smaller sized concerts and music lessons aimed at children. As I said above, schools are running at half capacity, so parents (and schools) are going to need to find other things for the children to do, so they are not wandering in the streets getting themselves into trouble.
It will be a while before these industries can get back to full capacity, but it does not mean these places (or their employees) cannot thrive in this new (even if temporary) economy.
Summary
The economy after the coronavirus is definitely going to be different than the economy before the coronavirus. If a company can thrive or sink in this new economy depends on how well a company can learn to adapt to the new (if only temporary) business conditions. Even companies, which at first glance, may seem like they are going to shut down until the fall, can actually thrive in this new economy. It may just take looking at the business from a different perspective.
