As many people scramble to finish their last-minute holiday shopping and make sure everyone on their gift list is covered, business owners have another list to pay attention to: their list of business compliance requirements. Businesses must fulfill their obligations to stay in good standing with the state. Failure to do so may result in fines, penalties, and even suspension or dissolution of their companies. None of those outcomes would get the new year off to a good start!
In case you are keeping track:
Here Are 5 Small Businesses That Thrived During the Coronavirus Pandemic - The New York Times
Small businesses were devastated in 2020. They have pivoted so frequently to deal with state-mandated shutdowns, new customer needs and pandemic safety protocols that many aren't sure what direction they're facing anymore. Nine months into the coronavirus crisis, more than a quarter remain closed, at least temporarily, according to data from Opportunity Insights, a research group at Harvard University.
But for some industries, it has been a banner year. Small-business owners serving customers who are trapped at home, shopping online and seeking outdoor adventures have tallied record sales.
Small Business Spotlight: Tucker Meat Market – Decaturish - Locally sourced news
Tucker, GA – Andrea Woolf loves to cook and create new recipes. She didn't set out to run a business, but she was asked to help out with someone else's idea and began to help revamp Tucker Meat Market. She bought the business in 2014 and continued to improve from there.
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"Cooking is an art form. Everybody can cook. They can follow recipes. I’m not one to follow recipes. Each batch is not the same. It tastes the same, but it’s never the same measurements," she added.
Power of the pivot: How iconic Seattle restaurant Canlis launched 11 business ideas in 11 months
"It was great, like back in March," said Canlis, co-owner of the iconic Seattle fine dining restaurant that bears his family's name.
Canlis joined Seattle Storm CEO and General Manager Alisha Valavanis last week at a GeekWire virtual event aptly (or annoyingly) titled: Pivot: Stories of Resilience in an Unprecedented Year .
There's no questioning that nearly every business was forced to adapt to changing economics brought on by this year's pandemic, whether a professional basketball team or a legendary restaurant.
Many things are taking place:
Has 2020's spike in support for Black-owned business carried through to the holidays?
Many of them reported a big spike in sales around that time; early June was a crazy time for Tiffany Griffin, co-owner of candle company Bright Black. Hers was among the businesses features on a list that went viral online.
“We started seeing this exponential increase in sales,” she told Marketplace. At the time, Griffin thought it was a fad — that business would drop off again after a few days, or weeks. But it didn't.
After that initial spike, the company was featured on Beyoncé’s list of Black-owned businesses to support. Then there was a collaboration with HBO, another with Michelle Obama.
Business Owner Thrives Selling Trendy "Hot Chocolate Bombs"
FORT WORTH — Social media has raved over the latest holiday trend, Cocoa bombs. As the trend grew increasingly popular, Chovani Wright, the owner of Jar Sweets in Fort Worth decided to add the creation to her business. After adding these treats to the menu, her business reached new heights.
She started her cheesecake business Jar Sweets eight years ago on top of her many ventures. Chovani is a teacher, makeup artist, and interior designer. Jar Sweets came about when she was planning a close friend's bridal shower. This added to her already full schedule.
Happening on Twitter
My end-of-2020 look at the American media is airing right now on @CNN TV https://t.co/m8oVAPC9aj brianstelter (from New York City) Wed Dec 23 19:47:53 +0000 2020
.@MichaelBuble's quarantine cookie-baking clip leads the year-end Top Facebook Live Videos chart https://t.co/rdHbkMbgs6 billboard Wed Dec 23 21:50:04 +0000 2020
कार खरीदने का मन है तो ये सही मौका है, ऑटो कंपनियां करीब करीब अपने सभी मॉडल्स पर भारी डिस्काउंट ऑफर कर रही हैं.… https://t.co/g1DOerq41q ZeeNews (from India) Thu Dec 24 10:27:35 +0000 2020
Furlough scheme extended for one month until the end of April next year https://t.co/GhtdJkOwdn BBCNews (from London) Thu Dec 17 14:38:01 +0000 2020
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