COVID-19 Business Update – April 7 2021

Rapid vaccine rollout across the U.S. is helping the economy here recover months ahead of European economies, as a Reuters study of data across many platforms shows. Bookings on OpenTable show that the U.S. is gradually returning to nearly normal, while those in Europe are still flatlining. Air travel is increasing, and commercial activity is also improving, especially as stimulus payments hit bank accounts. THE AMERICAN RECOVERY PLAN ACT (ARPA)…  Read more

COVID-19 Business Update – March 31 2021

The state of Florida pursued an open, non-restrictive approach to the pandemic, which appears to have been vindicated by recent stories in the media. However, as Derek Thompson of The Atlantic found when he began investigating the veracity of claims, results are neither as cataclysmic nor as positive as either side claims. While it is true that COVID-19 cases are falling in the state, they are likewise falling across the…  Read more

COVID-19 Business Update – March 24 2021

The greatest benefit of unpleasant experiences is the lessons we learn from them. A year into the COVID-19 pandemic, and we have certainly had plenty of experiences to learn from. The New York Times asked scientists, public health experts, and health advocates about the lessons we should learn for the next pandemic. One interesting lesson is that health care providers who had a nimble approach to keeping people healthy, including…  Read more

COVID-19 Business Update – March 17 2021

Eventually, epidemiologists hope that the coronavirus will become a seasonal pathogen, not much worse than the flu. But the path to that state is not a straight line, as this article in Stat describes, breaking the continued pandemic into short-, middle- and long-term phases. With vaccines steadily reaching more people, most agree that we are at least approaching the end of the “crisis” phase. Over the short-term, we may see…  Read more

COVID-19 Business Update – March 10 2021

When will the pandemic be over? That’s the question that Alexis Madrigal of The Atlantic asked prominent public health experts. While “the end of the pandemic” means “when transmission of COVID-19 ceases” to most non-scientists, that threshold likely won’t be met anytime soon, if ever. One threshold is less than 5,000 new cases and less than 100 COVID deaths per day. By that standard, we have a long way to…  Read more

COVID-19 Business Update – 27 January 2021

For many of us, it was our networks that helped us get through the last year. That was one of the lessons that Ivan Meisner, founder of BNI, learned from 2020. He also learned the value of limiting exposure to bad news by picking up what he needed to know from news apps. One business owner struggled with the stress of working from home while overseeing remote schooling for his…  Read more

COVID-19 Business Update – 20 January 2021

Vaccines for the coronavirus are now being administered around the country, but that may not mean an end to wearing a mask. This article from Kaiser Health News lists five reasons to keep wearing a mask, even after receiving the vaccine. The top two reasons are that no vaccine is 100% effective and that vaccines don’t provide immediate protection. According to one of the experts cited the best way to…  Read more

COVID-19 Business Update – 13 January 2021

The COVID-19 pandemic may have an economic impact far beyond last year and the two or three. A recent report by the World Bank projects global economic growth to slow to 1.9% per year from 2020-2029. Prior to the pandemic, growth was projected to be 2.1%, down from 2.5% over the previous decade. Investments in infrastructure, diversifying economies and supporting the employment of women may help to mitigate or reverse…  Read more

COVID-19 Business Update – 6 January 2021

Happy New Year! Without computer, telecommunication, and cloud technologies, working from home during the pandemic would not have been possible. Looking back at 2020, Gene Marks a contributor at Forbes, put together a list of the 13 tech stories from 2020 that stand out for small business. For example, a Microsoft engineer who exploited a loophole to steal more than $10 million from the company’s online store underlines the need…  Read more

COVID-19 Business Update – 23 December 2020

Because we know you’re busy, we’re keeping this issue extra short. Just in time for Christmas, Jupiter and Saturn appear in close alignment this week, forming what some have called a ‘Christmas Star.’ The last time this happened was in the spring of 1226, when Notre Dame cathedral was under construction. Their closest connection will be on the Winter’s Solstice, when they will look like a double planet. To see…  Read more

COVID-19 Business Update – 16 December 2020

To say that 2020 has been a wild ride is an understatement. This article in the Wall Street Journal takes a look at surveys, economic data, and research papers to get an idea of what’s changed and what might be coming our way. The pandemic forced many of us to work from home, and that trend may be here to stay. But the increase in productivity came at a cost:…  Read more

COVID-19 Business Update – October 30th, 2020

All around the world, pandemic fatigue is setting in, as the need for social contact outweighs the commitment to following restrictive rules. Unfortunately, this is coinciding with a surge in infection rates in the U.S. and Europe. Asian countries, on the other hand, are managing to return to mostly normal. New infections in China, Japan, South Korea, Singapore, and Hong Kong, combined, have been around 1,000 per day, while here…  Read more

COVID-19 Business Update – October 1st, 2020

With our normal routines turned upside down, people have found as many ways to cope with the pandemic as there are neighborhoods. This piece in the New York Times has a series of postcard vignettes of neighbors coming together to connect and help each other. In Los Angeles, a family picks citrus fruit from trees in their neighborhood, sharing the bounty with the owners of the trees and food pantries.…  Read more

Questions to ask as your small business recovers from COVID-19

As small business owners look to operations after COVID-19, there are some important business questions to ask. These questions will help you determine what adaptations you want to keep, whether your business model is working, and if there are additional changes you want to make to keep your company operational through future economic downturns. It’s not always fun to do this sort of examination, but the answers to these questions…  Read more

COVID-19 Business Update – September 8th, 2020

Shutting down economies around the world to fight the coronavirus has been a blunt and costly instrument, as this piece in the Wall Street Journal describes. Taiwan, South Korea and Hong Kong demonstrated that it was possible to reduce infection rates by widespread testing, contact tracing, cutting off travel with China and adopting masks. Such stringent controls were not possible in most states in the U.S., so instead we resorted…  Read more

A Guide to Business Recovery in a pandemic world

As you know, the COVID-19 pandemic is not just a public health issue, it’s also caused lockdowns and financial worries on a global scale. Small businesses are not strangers to the impacts of the pandemic. In a survey by the International Trade Centre (ITC) among 1,200 businesses in 109 countries between 20 April and 4 May, the pandemic has strongly affected 60% of the businesses. The results of the survey…  Read more

How your business can thrive even in a recession

The pains caused by a recession can be excruciating, which is why most of us dread the thought of it. A recession can mean massive layoffs, jobs becoming harder to find, and wages frozen, which means consumers hunker down and spend less– often worsening the economic slowdown unknowingly. For most businesses, especially small businesses, recessions can be brutal. Just take for example, the Global Financial Crisis (GFC) that struck the…  Read more

COVID-19 Business Update – 5 August 2020

It’s no surprise to most Americans that the U.S. economy has suffered greatly from the impacts of the COVID-19 pandemic. But what may surprise you is the extent of the decline: a record 32.9% contraction during the second quarter of 2020, the biggest drop since 1947. The virus is still spreading across much of the country, and for 19 straight weeks, more than 1 million people have submitted new claims…  Read more

COVID-19 Business Update – 28 July 2020

Covid Are you feeling out of balance from the changes brought on by the pandemic? You’re not alone, according to economist Jeffrey Tucker. Thanks to the media, many of us have been overtaken by fear, which may cause us to act irrationally. Tucker recalled a book from 1841, Extraordinary Popular Delusions and the Madness of Crowds, in which the author Charles Mackay describes many panic-inducing events of the past that…  Read more

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