Covid-19 shuttered more than 1M small businesses. Here’s how 5 survived

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Stryker CEO Kevin Lobo discusses the state of business amid the coronavirus pandemic. Eden Park Illumination Inc. had one product to sell before Covid-19: an ultraviolet light that distinguished real diamonds from fakes.Continue Reading BelowThe spread of a deadly virus across the globe shifted the focus of the tiny Champaign, Ill., startup to another ultraviolet light application that it had not planned to introduce for at least two years. This one would disinfect crowded spaces.Within weeks, the 10-person company began shipping prototypes. Eden Park has since delivered more than 1,000 of the lights and added a dozen workers, including a head of manufacturing.”We have pivoted and put all our attention on this,” said Eden Park Chief Executive John Yerger, who joined the company in February to help commercialize technology developed at the University of Illinois. “We are now profitable. We are about 10 times bigger in terms of sales.”The coronavirus pandemic is creating new opportunities for some small businesses even as it raises costs and devastates sales for others. It is prompting many to re-examine their strategies and make tough decisions about how to adapt. A store with a “Going out of Business,” sign is shown in North …

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