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Tips to reinvent a business model during tough times

Posted: 26 March 2021

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Many businesses are still adapting and developing to overcome the challenges presented by the pandemic. During this time, innovation and creative thinking are essential for businesses to survive. 

Here are a few short tips on how to reinvent a business model during tough times.

  • Adapt quickly and don’t hesitate to take advantage of new opportunities
  • Focus on fixing parts of your business that are causing delays or problems
  • Look for a five-degree difference and make small adjustments rather than search for the next big idea
  • Don’t hire unnecessarily, but rather outsource when needed
  • Stay focused. Don’t get distracted by what is going on around you

Good luck adapting and reinventing your business model during these challenging times!

Speaking of businesses that have learned to adapt, we featured two local businesses in this week’s Local Business Spotlight. See who we profiled below. 

Better Clean Services

With the pandemic putting a big focus on the importance of sanitisation, the cleanliness of businesses has never been more important. Wednesday’s Local Business Spotlight shone the light on Betterclean Services, a commercial cleaning company with more than 20 years in the cleaning industry. 

Show your work premises some love and give your customers peace of mind with their professional cleaning services. Find out more about Betterclean Services on their Instagram page and website.

Young Actors Co

It’s been a difficult time for the entertainment industry, but there’s a bit of excitement in the air! The Young Actors Company is emerging from the stillness of the pandemic and getting ready to produce several entertaining summer shows. Building up to this point, they’ve been organising auditions, taken part in an interview for BBC News and started planning their open air productions. 

The Young Actors Company has been operating for more than 40 years, providing training and experience for young actors across the UK. Each member of the team is passionate about sharing their love for theatre and all the different aspects that are involved. Find out more about Young Actors Company on their Instagram page and website.

Do you run a business that needs storage space? Storage King offers affordable and convenient business storage solutions for all of the above organisations, and we’d love to help you too. With flexible leases and a variety of unit sizes, you can pick a deal that best suits you. Call us on 0800 0852 954 to find out more. 

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