The lack of adapting is often a reason why business’s fail.
The COVID-episode showed how quick business’s had to adapt or go under.
Restaurants suddenly had to switch to take out, just to keep money come in and be able to pay the rent. And they had to create something special to make people come to them.
Business’s with office’s suddenly had to create options for their people to be able to work from home.
Factories had to create safe spaces so production could continue.
In short, business’s had to figure out fast how to reach their clients and still be able to get the products or services to their clients without losing money.
Unfortunately, a lot of business’s couldn’t or wouldn’t do it. Some business’s, who were on the edge of closing doors already, gave up. Some owners just refused to change, some just couldn’t figure out how to change and some waited too late.
It was a hard and harsh lesson for a lot of business owners.
Always be ready to change. This time it was COVID, next time it is a competitor. Or a vendor who starts giving you trouble.
Never put all your eggs in one basket!!
On a positive note, a lot of people started to be creative and created their own business working from home.