How Business Has Changed as a Result COVID-19: with Brian Mingham

In 2020, the way business is conducted has undergone a major transformation. The pandemic has highlighted a multitude of business flaws, weaknesses, and threats. Every business industry is facing their own set of unique challenges, and the way business leaders respond can set a precedent for innovation and growth moving forward.

As the Founder and CEO of CFSI Loan Management, Brian Mingham has faced his own challenges since the start of the pandemic and has responded with resilience and an open-minded approach to problem solving. Having spoken with other leaders in the industry, he is sharing some of the key changes that business owners around the world have faced as a result of COVID-19 and how they have responded.

Re-thinking Strategies

Remote Work

Rise of E-Commerce

Many companies have suffered severe revenue losses since the beginning of the pandemic. Leaders have had to act quickly in order to optimize their company’s resilience and secure their future. With millions of jobs on the line, it is important to make strategic decisions that create new opportunities for companies and industries. Brian Mingham explained that this quick shift put businesses under a lot of immediate pressure to act. Putting leaders to the test, he believes that the pandemic has encouraged businesses to think on their feet, which will make them more resilient in the long run.

With all of these changes, Brian Mingham believes that it will force companies to consider the threats and weaknesses of their businesses before something like this happens again. It pointed to the weakness of live events, venues, and restaurants, encouraging any business moving forward to consider alternative digital strategies in the eventuality of another pandemic.

Brian Mingham is Founder & CEO of CFSI Loan Management (CFSI) | Los Angeles, CA | www.brianmingham.com