Pivoting and Changing your Business Due to the Pandemic
To help develop new ideas and ways to revise, pivot, or change a business model
The Covid-19 pandemic has had a detrimental effect on small businesses. Many businesses have closed their doors and have not been able to reopen. Businesses which have been able to remain open (or reopen) have had to do so at reduced levels of revenue and additional expense. The reduced revenue and expense increases have been negative impacts to the survivorship and sustainability of small businesses. By now, everyone realizes business as usual is not possible. It is highly doubtful if the previous way of doing business will ever fully return. The purpose of this class session is to serve as a catalyst to help the participants develop new ideas and ways to revise, pivot, or change their business model altogether in a way to sustain and grow in this new challenging environment. The lean business model methodology will be utilized.
Richard is the principal consultant and owner of R.B. Moore Solutions, LLC., a consulting firm. The firm specializes in providing effective analysis leading to creative solutions to the challenges faced by small businesses (existing and start-ups). The focus for all clients is to increase profitability and growth. Services include business assessments and analysis, business modeling, planning, management consulting, assistance in preparing for access to capital, and conducting workshops on various entrepreneurial and business topics.
Richard has also served as a consultant and business advisor for a major North Carolina community development financial institution (CDFI). In this role, he provided business coaching, counseling, and training to many minority, women, and veteran small business owners.
Over the past four years, since launching R. B. Moore Solutions, Richard has helped numerous entrepreneurs and small business owners make significant progress on their journey to achieving their goals.
Richard is an ad hoc instructor at Wake Technical Community College in the topic of Entrepreneurship. In addition, he serves as an advisor to the board of Nortria, Inc., a service-disabled veteran and minority owned small business.
Previously, Richard served for over thirty-two years in various leadership, intrapreneurship, and management positions in Lenovo and IBM. During his career, he received numerous awards and recognition at the corporate, business unit, and functional levels due to many achievements which had positive impacts on profitability, productivity, and quality.
Richard has a Bachelor of Science Degree in Electrical Engineering from Brown University, Providence, Rhode Island, and a Master of Business Administration from Duke University, Durham, NC. He also has completed post graduate work at Bethel Theological Seminary, St. Paul, Minnesota.