Jamel Toppin for Forbes, Gabby Jones for Forbes, Gabriela Hasbun for Forbes, Courtesy of Alex West Steinman, Janelle Rose Photography, Courtesy of Robert Tankson. Design by Forbes
n 2020, American venture capitalists invested an unprecedented $156 billion dollars into 12,254 startups, setting records in biotech, pharma and fintech. There were a record 454 initial offerings in the U.S. markets, generating over $167 billion.
Although these businesses are small, their importance to the U.S. economy is enormous. Before the pandemic, small businesses with less than 500 employees accounted for two-thirds of net new American jobs and generated 44% of U.S. GDP.
In case you are keeping track:
Black And Latino Business Ownership In Massachusetts Lags Far Behind National Average
Black and Latino people now make up more than a fifth of the state's population but own just over 3% of businesses with employees — less than half the national rate of Black and Latino business ownership, according to a U.S. Census survey of entrepreneurs released in 2018.
If the self-employed are factored in, Black and Latino people own about 9% of all businesses in the state, also less than half the national average, according to the most recent Census survey in 2012.
Cash-and-carry business helps Arnold's Meats survive 2020 - masslive.com
As a business owner, one thing Larry Katz, of Arnold's Meats, didn't do was to feel sorry for himself when the coronavirus pandemic hit.
"I am fortunate to have two cash-and-carry stores in Chicopee and East Longmeadow, and people were still buying food," Katz explains, noting Arnold's Meats considered an "essential" business not affected by the shutdown.
"Our retail business is actually up 50% because more people are eating at home rather than going out to a restaurant," he adds.
5 Great Tools To Improve Your Business Knowledge
Knowledge is power, and it's what makes us business owners better able to compete in a marketplace ... [+] that never stands still.
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One silver lining to running a business during a pandemic is that instead of in-person conferences and events, everything's been moved online. That means you can hear well-known industry leaders speak on their topics of expertise without the cost of airfare and a hotel. And most sessions are recorded, so if you can't dedicate three days to watching one after another in real time, you can learn on your own schedule.
This may worth something:
The Business Of Good, Relentless Drive And 9 More Essentials For Fearless Founders
With our Next 1000 list, we're on a year-round mission to shine a spotlight on the ambitious sole proprietors, self-funded shops and pre-revenue startups redefining what it means to build and run a business today. While all have under $10 million in revenue or Series A funding, they all have outsized aspirations and drive.
A panel of top business minds and entrepreneurial superstars joined us in evaluating thousands of nominations hailing from every industry and corner across the U.S. The end result: Our first installment of 250 up-and-coming businesses that have left us inspired and are emblematic of the American Dream.
TikTok's U.S. ad business roars back as Trump's threats recede | Reuters
(Reuters) - Accused by the Trump administration of being a front for the Chinese government, TikTok's ad business looked bleak last July.
Big brands backed off on spending even as TikTok executives offered refunds to advertisers in the event the hot social media platform were to be banned from operating in the United States.
But after it became clear Joe Biden had won November's U.S presidential election, that all changed.
"The interest in TikTok has exploded," said Erica Patrick, vice president and director of social media at Mediahub Worldwide, which has worked with brands including Netflix and Twitch. She said she expects client spending to increase significantly over the next six months.
Tuesday's business headlines - WISH-TV | Indianapolis News | Indiana Weather | Indiana
With the pandemic forcing a new era in workplace safety, the National Safety County urges employers to take a broader approach to addressing the workplace impairment, which can include mental distress.
The NSC urges that employer policies and procedures outline “workplace impairment” as anything that could impede one’s ability to function normally or safely as a result of a number of factors – from chemical substances, such as alcohol, opioids or cannabis, to physical factors like fatigue, as well as experiencing mental distress and social factors such as stress.
Why Business Model Innovation Matters More Than Ever - Knowledge@Wharton
The coronavirus pandemic has been a roller coaster for business managers. Some are cresting high, others are in freefall, and many more are simply trying to hang on until the nightmare ride comes to a stop. Amid the panic, there are valuable lessons for leaders who can take a deep breath and step back.
Knowledge@Wharton: Before we dive into the book, could you give me a little background on your collaboration?
Raffi Amit: We've known each other since the mid-1990s, when we met at the University of British Columbia in Vancouver, Canada. Both Chris and I are strategy and entrepreneurship scholars with a very pragmatic orientation and very rich practical experiences. We observed in the mid- and late-1990s that there were all these e-businesses that were formed, and they are enormously valuable. We observed companies like eBay, for example, which was founded in 1995 and went public in 1998.
Happening on Twitter
Jim Jordan is one of the only reps to repeatedly vote AGAINST coronavirus relief. He said no to: 💸 Stimulus check… https://t.co/9WNXceOs3w Sites4Congress (from Lima, Ohio) Mon Feb 15 21:26:55 +0000 2021
A little intellectual honesty would be nice. @BernieSanders couldn't effectively raise the minimum wage on his own… https://t.co/JfS1qYgq6y BurgessOwens (from Utah, USA) Tue Feb 16 00:47:36 +0000 2021
Remember that time you cut your campaign staff's hours after they demanded a $15 minimum wage? I do.… https://t.co/YQ4yI9FPw6 DanCrenshawTX (from Houston, TX) Mon Feb 15 23:42:54 +0000 2021
We won't recover from his crisis unless we back British businesses. That means ensuring they aren't crushed under… https://t.co/9yQIKFkhXM Keir_Starmer (from London) Mon Feb 15 13:07:45 +0000 2021
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