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Tips to Follow When Re-Fitting Your Business Model to the New Normal

"Necessity is the mother of invention." Here's how to keep growing your business despite 2020's obstacles.

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By Tanner Simkins

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In the midst of a global health crisis, it can be hard to visualize what things will look like in a year or two. So many unanswered questions remain. Trend forecasters and economists have been studying how this global health crisis has impacted business models around the world. As we gradually emerge from isolation, these models are being tested. Businesses will need to scrap their original 2020 plans, and many will need to reinvent themselves in order to remain relevant.

Adapting your business model to the new normal

There are several ways of looking at business strategy during times of social and economic trouble. Based on numerous interviews with businesses that have successfully altered course, I compiled a shortlist of considerations to help you thrive amid uncertainty. Learning from the experiences of others will help you emerge in a much stronger position on the other side of this crisis.

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