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.
Opinions expressed by Entrepreneur contributors are their own.
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.
Continue reading this article — and all of our other premium content with Entrepreneur+
For just $5, get access to a ton of exclusive content and resources that will help grow your entrepreneurial mindset. You’ll find:
- Exclusive content from our network of today’s leading CEOs and business strategists
- Receive our flagship Entrepreneur Magazine - free!
- No more ads, and get access to the Entrepreneur+ homepage
- Free E-books written by our staff and other industry thought leaders