From local restaurants to larger companies like Spotify and Unilever, companies that are successfully navigating the Covid-19 pandemic and ensuing recession have often pivoted to a business model that’s conducive to short-term survival, and long-term resilience and growth. Not all pivots, however, result in good business performance. Three conditions are necessary: First, pivots must align the firm with one or more of the long-term trends intensified by the pandemic.
The reality of how companies are dealing with the crisis and preparing for the recovery tells a very different story, one of pivoting to business models conducive to short-term survival along with long-term resilience and growth. Pivoting is a lateral move that creates enough value for the customer and the firm to share.
Not to change the topic here:
Applications open soon for Harris County's $30 million small business assistance program -
Zoom's Latest Business Is Leasing Phones - Barron's
One of the interesting questions for the future of Zoom Video Communications is how the videoconferencing company might press its advantage and find new markets for expansion.
The company is pushing hard on Zoom Phone as a replacement for conventional corporate phone systems, and Zoom Rooms, for connecting conference rooms. And now it has a logical, if surprising, new segment: renting phone hardware .
Zoom (ticker: ZM) calls the new business " hardware-as-a-service ," which is a new label for an old idea: the company will lease you phones and conferencing hardware from third-party manufacturers. The idea is that some potential customers who find Zoom Phone and Zoom Rooms alluring may not want to undertake the expense of buying new hardware to use the new systems—but might be willing to lease it.
How to help a Black-owned business on #BlackoutDay2020 - CNN
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Small Businesses Can Now Use Venmo With New Business Profiles – Adweek
In the age of the Covid-19 crisis, the move to contactless payments has accelerated drastically. Between March 2019 and March 2020, they grew in the U.S. grew by 150% according to a spokesperson from Visa.
Venmo, an app typically used for transactions between friends and family, is launching a new feature for sole proprietors, side hustlers and sellers to launch a Business Profile on the app , according to a blog post on the platform’s website.
Cancellation of Alliant 2 Small Business caps a rough few months for small firms | Federal News
It was a rough last few months for small businesses wanting to contract with the federal government.
Between the 8(a) STARS II ceiling challenges and the ongoing protests of the Second Generation IT Services (2GIT), and now the cancellation of the Alliant 2 Small Business contract, the General Services Administration is facing an unusual amount of contracting setbacks.
Late on Thursday, just before the three-day weekend, GSA announced it would cancel the Alliant 2 Small Business program that has been in the works for almost four years.
Happening on Twitter
Tens of millions of Americans have lost their jobs during this pandemic, small businesses are struggling, & Trump's… https://t.co/88APHp7gqE SenWarren Tue Jul 07 21:22:13 +0000 2020
Reps. Allen, Hartzler, Hern, Kelly, Mullin and Williams all voted against legislation that would have required publ… https://t.co/i1EMKPPNQB CREWcrew (from Washington, D.C.) Wed Jul 08 00:30:04 +0000 2020
March: @SpeakerPelosi gives Trump a $500 billion slush fund. April: one of her husband's businesses gets $1 millio… https://t.co/PbBrZ357Bp ShahidForChange (from San Francisco, CA) Wed Jul 08 05:15:03 +0000 2020
The richest, like Kanye, Jared Kushner's family and Elaine Chao, got massive PPP loans. Lots of your neighborhood a… https://t.co/9G8ONz01Ti behindyourback (from so far around the bend) Tue Jul 07 12:33:33 +0000 2020
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