We talked to Jenny Q. Ta of CoinLinked about the brand-new concept in crypto-commerce and COVID-19.
First of all, how are you and your family doing in these COVID-19 times?
Jenny Q. Ta: Personally, like most other Americans, I’m living through this as best as I can, following protocols like wearing masks when leaving the house, staying six feet apart, cautious if dining at restaurants, which I don’t do, and not attending large gatherings. I don’t attend gatherings at all since March.
Business-wise, if President Elect-Joe Biden can win a presidential election from his basement, then any CEO can run his or her company from their home. This will just be a short-term adjustment. We will get out of this and being back to as normal as we once were next year.
Tell us about you, your career, how you founded CoinLinked.
Jenny Q. Ta: Like Jack Dorsey, who runs both Twitter and Square, I’m currently running my tech company, CoinLinked, and my venture capital company, VCNetwork. The latter company was launched two years ago, and the former tech company was established in May of this year. You can read more about me here.
How does CoinLinked innovate?
Here’s what CoinLinked does >>> https://coinlinked.com/about
Here’s what VCNetwork does >>> https://www.vcnetwork.co/aboutus
How the coronavirus pandemic affects your business, and how are you coping?
Jenny Q. Ta: Obviously, like most other businesses, the coronavirus pandemic has affected most businesses one way or another. Since we are an online social crypto-commerce platform, it hasn’t affected us much. We have probably benefited from the pandemic since most people are at home and being online more. They shop more, and they explore new platforms more. It has only been six months for us, CoinLinked, and we’re thankful that we’re moving along well.
Did you have to make difficult choices, and what are the lessons learned?
Jenny Q. Ta: I wouldn’t say any choices that would be more difficult now that we’re in a pandemic than when we’re not. Running a business isn’t easy overall, and crucial business decisions will always be needed and necessary regardless of whether or not there is a pandemic. However, with the pandemic, a company can save additional costs from having to travel if there wasn’t a pandemic. So there are pluses among the minuses during this coronavirus pandemic.
How do you deal with stress and anxiety? How do you project yourself and CoinLinked in the future?
Jenny Q. Ta: Stress and anxiety are the norms for anyone and especially for entrepreneurs and CEOs running companies. Being on a pandemic lockdown has it’s pluses and minuses. The pluses are that you’re in the comfort of your home, so you can always shut down everything and take a quick nap, read a book, hop on the treadmill, or turn on Netflix. These options are not easily done if you’re in an office environment, and they can simply relax you from any stress levels and anxiety.
As a serial entrepreneur with two successful exits, I have always been set with my projections personally and for the companies, I’m currently running. Determining the company’s greatest pain points and concerns, as well as its greatest strengths, is key in determining existing and potential business opportunities. A true valuation of the company provides a scale from which business opportunities can grow. There are a number of different methods and strategies that a well-planned out team has to make sure it’s company vision is a constant focal point and executed accordingly.
Who are your competitors? And how do you plan to stay in the game?
Jenny Q. Ta: Currently, we don’t have competitors yet because CoinLinked is offering crypto-commerce. I’m sure we will, but we’re ready. We’re different from marketplaces like Amazon, eBay, and Alibaba, because our users and buyers can purchase any product from any website in the world, paying with cryptocurrencies.
Your final thoughts?
Jenny Q. Ta: They say it’s a great time to be alive, and yes, that’s exactly how I feel, given 2020 may not seem to be that year. But, if there are pain and difficulties, it’ll, in turn, strengthened us and making us stronger. We can’t live through life looking backward. Therefore I always look forward. I believe 2021 will be that explosive year coming out of one of the most horrific years in American history due to this coronavirus pandemic with the number of deaths, the lockdown, the working from home. These are the changes that we had to face, but they’re also the changes that will make us better when we come out of it. “Out of resistance comes strength,” Napoleon Hill.
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