No one knows for certain how sectors and industries will be affected over the coming months, so small businesses must be ready to change and adapt to the needs of their marketplace. (Photo: Shutterstock)
The COVID-19 put a lot of small and medium enterprises (SMEs) in very difficult positions. In many cases, entire industries and sectors were forced to close their doors temporarily, while virtually no small business has come away from the experience of going through COVID-19 unchanged.
For many SMEs, the crisis came at a terrible point where they were already in the middle of expansion and growth, which has now had to be scaled back. For others, COVID-19 might actually present an opportunity to re-group and think about what the business actually needs to do to improve its model and achieve growth going forward.
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