Question

Given the current context of the pandemic, how would an entrepreneur survive this kind of crises and eventually help the Philippine society to move forward?

Answer 1

Answered from a general economic perspective

Explanation:

In a pandemic-afflicted economy, for most entrepreneurs in other to survive such a period, they must accept and "make needed changes to their business operations."

Consider, for example, an entrepreneur in the Philippines involved in the sales of products that usually involved in-person sale transactions. However, due to restrictions on the level of physical activity, such an entrepreneur may need to consider alternative ways to make sale transactions while complying with government restrictions. Like most businesses, the entrepreneur may need to raptly switch to taking orders online. This is just one typical example of how an entrepreneur can survive this kind of crisis.