This chapter investigates how women entrepreneurs changed their business models during the Covid-19 pandemic. It poses the following research questions: What entrepreneurial opportunities did women entrepreneurs experience during Covid-19, and how did these influence their business models? What entrepreneurial difficulties did women entrepreneurs experience during Covid-19, and how did these influence their business models? The study draws on data from 30 qualitative interviews with women entrepreneurs. Findings show that women entrepreneurs had to rely more on financial resources during the Covid-19 pandemic than before. They also had to conduct more risk assessments. Furthermore, the location of their business had a significant effect on the difficulties they faced. In addition, women entrepreneurs who had already implemented a digital solution were able to adjust more easily during the pandemic. Many of the women entrepreneurs emphasized that social media was an advantage as it facilitated business communication.