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ARTICLE · 15 OCTOBER 2020

Business Adaptability During COVID-19

Ward and Smith, P.A
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COVID-19 continues to significantly impact businesses, but there are ways companies can emerge from the current crisis stronger.

United StatesCoronavirus (COVID-19)
Kenneth W. Bart, Jr.
Kenneth W. Bart, Jr.
Hank Harris
Hank Harris

COVID-19 continues to significantly impact businesses, but there are ways companies can emerge from the current crisis stronger.

The Wilmington Business Journal recently asked corporate and securities attorney Ken Bart and Director of Consulting for Ward and Smith Business Consulting, Hank Harris, how businesses can strategize for a post-pandemic environment. Their comments appeared in the latest "Insightful Discussion."

COVID-19 has brought stressors on businesses that were unheard of just a year ago. What should business owners be thinking about strategically at this moment in time?

Hank Harris: I think the one thing that all business owners need to consider is how their business will transition to the next leader or generation of leadership. In the big picture, all businesses have only two fates – they are either sold or they are liquidated. An internal transition is just a form of sale. It may be to family, or employees, and discounted; but it is still a

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