Often, this means updating and adapting your business model to better suit the current climate and meet consumers' changing needs. Leaders need to proactively develop a clear vision of where the business needs to end up, instead of reacting. is a powerful question to ask when contemplating a modification to a business model. Answer Basic Business-Modeling QuestionsConsider these seven questions when assessing your current business model: What problems does your business solve? They serve as first-step inspiration and direction to modify a current business model.

Source: Forbes September 10, 2020 12:00 UTC