Small businesses across the country have been pounded by the pandemic. Entrepreneurs have been forced to make drastic cuts and pivot to new business models to keep going. Financial aid, though, is what has kept the lights on.
She used the funds to invest in an upgraded website with enhanced e-commerce capabilities and installed UV light filtration systems in the air handlers at the winery.
For now, she's open for business with reduced hours and capacity. "But I'm hanging in there," Ms. Burns said. "I'm still in a revenue hole, though, for 2020 as compared to last year — about a 30 percent year-over-year drop.
While you're here, how about this:
How to build a successful business model around open source software
Open source software is an increasingly important part of many organizations. Yet establishing sustainable business models to support open source development is a non-trivial problem because the underlying technologies are given away for free.
But it's still possible to build a successful business around open source software — I know, because my team already did it. KNIME has managed to establish a new business model for providing production-ready open source enterprise software, let explain how.
PNC is buying US business of Spain's BBVA for $11.6 billion - CNN
Two Women Create 'Home Edit' Type Business
CINCINNATI, Ohio—If 2020 has given us anything, it's more time at home with our families. And that may mean more home projects and getting organized. Two Ohio women are using their teaching backgrounds to help families keep their children's spaces more manageable and give them some independence.
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"Let's go into the home and show parents how to teach their children that yes you can help in the house and yes you can be more independent,"Trimmer said.
Check out this next:
New Business Owners 'Make it Work' During Pandemic | Chicago News | WTTW
Bethany Barbouti, left, and Jackie MacCartie opened Eco & the Flamingo this year in Lincoln Square. (Courtesy of Barbouti)
Starting a business during a pandemic sounds like a gamble, but it's one that some intrepid entrepreneurs are willing to take.
Brainstorming their dreams for a retail store in 2019 in a notebook covered with whimsical pink flamingos, Bethany Barbouti and Jackie MacCartie, who operate Eco & the Flamingo in Lincoln Square, discussed all sorts of concerns.
Bon Temps Grill moving; Prejean's purchase: Business Buzz
Bon Temps Grill, a local favorite specializing in authentic Cajun food, is opening at its new location — the former home of Blue Dog Café — on Monday.
The new location, at 1211 W. Pinhook Road, gives the restaurant more space and room for parking than its current location on Verot School Road.
"We are thrilled to be opening into a bigger location with a lot more Bon Temps to offer," co-owner Patrick O'Bryan said in a news release. "In addition to a bigger space, there will be more parking and other amenities. I'm so excited about the outdoor seating and large bar area for working professionals in the area."
Emirates, Etihad tap Israel for growth as new business ties deepen
Etihad Airways is set to launch daily scheduled flights to Tel Aviv, in another sign that Emirati business is actively tapping Israeli markets for reciprocal growth opportunities.
Etihad, the Abu Dhabi-based flag carrier of the United Arab Emirates, joins Dubai based Flydubai in launching direct flights to Tel Aviv, a key business and technology hub. The Etihad service will be effective from Mar. 28 next year.
"The commencement of scheduled flights is a historic moment and as an airline, cements Etihad's commitment to growing opportunities for trade and tourism not just between the two countries but also within the region and beyond," Al Bulooki added.
The Week in Business: The Vaccine Boost - The New York Times
Greetings from the four walls of my apartment, which I don't plan to leave until I drive to my parents' house for Thanksgiving. Forecasters are predicting a drop in travel by at least 10 percent for the holiday, but health officials hope even more people stay put . Be safe and enjoy those early Black Friday sales from your couch . — Charlotte Cowles
Markets rejoiced at the news that Pfizer's coronavirus vaccine candidate looked extremely promising in an early analysis of its late-stage clinical trials. If its development continues apace, the vaccine could be distributed to millions of Americans as early as the end of the year.
Happening on Twitter
The American people want action on COVID relief. They want action on unemployment, rent relief, small business sup… https://t.co/AbiaiJcrkc SenSchumer (from New York, NY) Sun Nov 15 23:46:32 +0000 2020
At this pace, more local lockdown orders are inevitable, but without federal relief, the economic damage to small b… https://t.co/IWgD1E3AXG JasonKander (from Kansas City, MO) Sun Nov 15 17:33:06 +0000 2020
Interesting how the framing of the debate is: Lockdowns destroy small business. as opposed to: Not subsidizing s… https://t.co/R5TL9ymFPN jaycowit Sun Nov 15 11:00:08 +0000 2020
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