Are you one of the many people who have found themself ready to start a business during the pandemic? Perhaps you lost your previous occupation, or have just managed to fit an extra few hours into the day now you are working from home. If you are thinking about making the step, then there are some factors you must consider.
Starting up a business is never easy, but the global pandemic has made it much harder. Between determining the size and structure of your business, as well as comparing and contrasting personal loans and other sources of capital, the process of starting a business is still the same. Below, we discuss the path to success if you are thinking of building a business in the current climate.
Research Your Business Well
During a pandemic, before taking any steps toward starting your business, you need to do research. Your business needs to be something consumers want. You need to assess your target demographic, the market demand, and how any competition is faring in the current climate.
Once you have this, assess your own set of skills and the experience you have. If you need training or refreshers on past skills, now may be a good time to do it, particularly if you are working at home and have more time in your day.
Organize Your Finances
Begin to organize your finances before you start any other planning. This includes personal and business finances. If you can put aside any money towards starting your business, then do so.
Begin by opening a bank account and getting a credit card for your business. Then, source an accountant to work out tax and finance for you.
You can find a number of software packages to help you manage money. Business accounting software is a great help. Using such software, you can do billing, receive instant payments and file VAT digitally, and thus, monitor the cash inflow and outflow status of your business easily. If you will be hiring employees, you can use software such as this pay stub sample to help you keep track of employee wages.
Once you have done the research and organized your finances, you can start to form a business plan. Start with a name, and check it is legally available for use. If you are starting an online business, you may wish to check the domain name is available.
Next, you will want to work out how your business is organized as an entity and taxed. You will want to create a business plan, should you require any meeting with bank managers for loans and finance.
A business plan should include a mission statement, a business description, and a list of products or services. After this, you will need to discuss the current market. Make sure you make specific reference to the pandemic, and how your business will thrive in these testing times.
Finally, include any financial plans and predictions. Write down any others who will work in the company and the cost of employing them.
Consider Your Timing When Starting up a Business
Before you launch your business, consider your timing and situation. While it may be the perfect time for you to start your business, it may not be the right time economically and socially. The situation of the global economy and even the time of year can all impact your startup.
In summary, start small and build up. This way, should more uncertainty hit, you will be less likely to lose the time and money you have already put in.
If you enjoyed our article on starting up a business, then check out the rest of our blog. We have a number of handy articles on business and finance that will get your enterprise off to a flying start, even during these uncertain times.
2022 YouTube and Video SERP Result Changes
When you think of video results on Google in 2022 (and video optimization), you might think of something that looks like this (from a search for “flag football”):
In mid-October, we noticed a drop in this type of video result, and that drop became dramatic by late-October. Did Google remove these video results or was our system broken? As it turns out, neither — video results have split into at least three distinct types (depending on how you count).
(1) Video packs (simple & complex)
The example above is pretty simple, with the exception of “Key Moments” (which debuted in 2019), but even the familiar video packs can get pretty complex. Here’s one from a search for the artist Gustav Klimt:
All three of the videos here have Key Moments, including a pre-expanded section for the top video with thumbnails for each of the moments. Some specific SERPs also have minor variations, such as the “Trailers & clips” feature on this search for “Lion King”:
Video packs are still often 3-packs, but can range from two to four results. While only the header really changes here, it’s likely that Google is using a modified algorithm to surface these trailer results.
(2) Branded video carousels
Some videos are displayed in a carousel format, which seems to be common for branded results within YouTube. Here’s an example for the search “Dave and Busters”:
While the majority of these “brand” (loosely defined) carousels are from YouTube, there are exceptions, such as this carousel from Disney Video for “Lightning McQueen”:
Like all carousel-based results, you can scroll horizontally to view more videos. Google’s mobile-first design philosophy has driven more of this format over time, as the combination of vertical and horizontal scrolling is more natural on mobile devices.
(3) Single/thumbnail video results
Prior to breaking out video into separate features, Google typically displayed video results as standard results with a screenshot thumbnail. In the past month, Google seems to have revived this format. Here’s an example for the search “longboarding”:
If you hover over the thumbnail, you’ll see a preview, like this (edited for size):
In some cases, we see multiple video results on a single page, and each of them seems to be counted as one of the “10 blue links” that we normally associate with standard organic results from the web.
There’s also a variant on the single-video format that seem specific to YouTube:
This variant also shows a preview when you hover over it, but it launches a simplified YouTube viewing experience that appears to be new (and will likely evolve over time).
(4) Bonus: Mega-videos
This format has been around for a while and is relatively rare, but certain niches, including hit songs, may return a large-scale video format, such as this one for Taylor Swift’s “Anti-Hero”:
A similar format sometimes appears for “how to” queries (and similar questions), such as the one below for “how to roundhouse kick.” Note the text excerpt below the video that Google has extracted from the audio …
While neither of these formats are new, and they don’t seem to have changed significantly in the past month, they are important variants of Google video results.
(5) Bonus: TikTok results
Finally, Google has started to display a special format for TikTok videos, that typically includes a selection of five videos that preview when you hover over them. Here’s an example from one of my favorite TikTok personalities:
Typically, these are triggered by searches that include “TikTok” in the query. While it’s not a standard video format and isn’t available outside of TikTok, it’s interesting to note how Google is experimenting with rich video results from other platforms.
Does YouTube still dominate?
Back in 2020, we did a study across 10,000 competitive Google searches that showed YouTube holding a whopping 94% of page-one video results. Has this changed with the recent format shuffling? In a word: no. Across the main three video formats discussed in this post, YouTube still accounts for 94% of results in this data set, with Facebook coming in at a distant second place with 0.8%. This does not count specialized results, such as the TikTo results above.
What does this mean for you?
If you’re tracking video results, and have seen major changes, be aware that they may not have disappeared – they more likely morphed into another format. This is a good time to go look at your SERPs in the wild (on desktop and mobile) and see what kind of video formats your target queries are showing. Google is not only experimenting with new formats, but with new video-specific markup and capabilities (such as extracting text directly from the soundtracks of videos and podcasts). You can expect all of this to continue to evolve into 2023.
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