Alva Review-Courier -

Forced to adapt, businesses rethink how they make money

 


NEW YORK (AP) — Many business owners are changing the way they make money as they attempt to recoup revenue lost to the coronavirus outbreak.

The changes can look subtle; for example, when owners of clothing stores decide to beef up their internet business. But often such adjustments involve an entire rethinking of the business model — the blueprint that encompasses the key aspects of running a company — with significant changes to staffing, technology and inventory.

For many companies, it's a matter of survival, but for others, the changes have been a silver lining amidst the crisi...



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