New world, new business: 5 ways small businesses are adapting to COVID

COVID-19 has irrevocably altered the way that we do business. Some small businesses have floundered, while others have completely reinvented themselves. In a recent survey by SCORE, just 34% of U.S. small business owners now categorize their companies as profitable, compared to 55% in 2019. As a result, they’re working hard to adapt — reconfiguring their offerings to boost revenues and planning such new strategies. “The unexpected has forced many to reevaluate plans, practices and procedures,” notes Andrea Forstadt on USChamber.com. “Yet one of the advantages of being a small…