Genius Group – Turning the Tide to Go Digital During the Pandemic
The Singapore-based Genius Group has turned the tide on the coronavirus pandemic and successfully pivoted their business model to go digital in the wake of their resorts and cafes being closed and events being cancelled.
One of its locations, Genius Central in Singapore, launched at the end of January 2020 before the pandemic hit and the café had to close in April due to the government-imposed lockdown. Located in the Business District of Singapore, the café adapted by offering a range of healthy meal plans for takeaway and delivery until it was able to re-open on the 1st of July.
Genius Group includes a number of educational and entrepreneurial companies across the globe including Entrepreneur Resorts, a group of luxury resorts and lodges, beach clubs and city co-working hubs running entrepreneur events and accelerators, with locations in Singapore, Bali, South Africa and the Czech Republic.
During the pandemic, many of the Entrepreneur Resort locations around the globe also had to temporarily close and revenue streams were negatively impacted. Genius Group managed to cut costs by 50% without making any redundancies. The programmes that would normally have been conducted with entrepreneurs face to face were redesigned and delivered digitally and globally for the first time. The majority of locations are now open again and the international team is supporting new education programs at its various locations while ensuring the safety of both staff and visitors.
Roger James Hamilton, founder and CEO of Genius Group commented “Adapting the business model of each area of trade has enabled us to divert revenue streams and reduce outgoings for areas of the company which suddenly saw a drop in takings. We have worked quickly and effectively in making sure Genius Group can ride the wave of this pandemic and successfully come out of the other side with our profits intact.”
About Genius Group:
Genius Group is a $100 million group of companies leading the entrepreneur movement, founded by serial entrepreneur Roger James Hamilton. The Singapore-based public company also owns:
– GeniusU, an ed-tech platform which connects entrepreneurs to the smartest knowledge, connections and opportunities;
– Genius Institute, the world’s largest entrepreneur network with more than 2 million entrepreneurs, mentors and investors in over 80 countries which provides training courses for people aged 25 years old upwards;
– Genius School, provides education courses for students aged 5 to 25 years old. It is the world’s first global, virtual school providing a full curriculum designed to nurture budding entrepreneurs, artists, changemakers and global citizens.
Genius Group recently completed the acquisition of Entrepreneur Resorts Ltd, comprising luxury resorts and lodges, beach clubs and city co-working hubs for $32.6 million. The acquisition results in a combined entrepreneur education group with over 1.5 million students in 200 countries, and a faculty of 2,000 mentors guiding students to launch and grow their own businesses.
Courses and content range from company-sponsored camps for primary and secondary school students through to company-funded courses, training, retreats and accelerators from start-ups to large corporations.
About Roger James Hamilton
World-renowned futurist and social entrepreneur Roger James Hamilton is the founder and CEO of Genius Group. Roger is the New York Times bestselling author of The Millionaire Master Plan, a practical guide to understanding how your mind works to enable you to live your most successful life. He is also the creator of Wealth Dynamics, Talent Dynamics and Impact Dynamics, tools used by over 2 million entrepreneurs to follow their flow.
All of Roger’s companies empower the Entrepreneur Movement – collectively growing our ability to create and contribute wealth. Roger studied architecture at Cambridge University before launching his first business, Free Market Media, in Singapore during his 20s. He was the founding chairman of the renowned Green School, Bali, where his three children were educated. Roger currently lives in the Czech Republic but, when permitted, travels extensively between the UK, USA, Southeast Asia and Australia.