Several businesses were forced to shut their doors after the outbreak and everything associated with it.
It was reported by Yelp that permanent business closures have reached 97,966, representing 60% of the closed businesses that won’t reopen. Imagine investing millions into an entity, only for things to stall and eventually go unprofitable.
The new year is upon us, and nobody knows what will happen next. But you have to prepare your business for such problems.
Innovators are always coming up with new ways to simplify the buying process for your customers.
If you’re not doing anything new and making life easier for your customers, you may lose them to those who will.
In Steve Jobs’ famous quote, “Innovation distinguishes between a leader and a follower.” So, in order to succeed in business, you need to experiment and invent. That means new products, new services, new customer retention, etc.
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