The vise is tightening on owners of restaurants, fitness centers and other small U.S. businesses trying to hold on until the economy fully reopens.
Unlike at most big companies, the burden is often deeply personal, because small business owners often end up providing a personal guarantee when they take on debt or sign a lease.
The weight of personal guarantees has grown as the pandemic has stretched on, increasing the amount small business owners owe and forcing many to draw down savings. Many businesses have had to close and reopen more than once, adding to their costs. A survey completed in late March by the U.S. Census Bureau found that 18% of small businesses said they would need to obtain financial assistance or additional capital in the next six months. Read the full story.
Other things going on recently:
Windows Update for Business: details, details | Computerworld
(For users of Windows 10 Home, many of these settings work, but it's not as easy to set them — and you have to rely on registry settings that can be cumbersome to install. That's why I urge you to upgrade from Windows 10 Home to Professional. The process is easy and does not affect your programs or data. You can purchase a valid product key online, or do it from inside the operating system .)
Upgrading to Professional exposes the full ability to control updates. Often, people refer to this as the "patching tax." While you may already know the metered network trick to keep updates from being installed (because Microsoft thinks that it will cost you money on a cellular connection), the Windows Update for Business options allow you to fine tune what your machine gets offered.
6 Things You Need To Do Today To Grow Your Business
Every business owner can relate to this quote on some level because starting a business means taking a risk. Without risks there is no growth. Once you have your business up and running, you may want to look for ways to make it better.
Procuring a valuable resource and retaining them is highly expensive. Which is why you should hire the right people for the job from the very beginning. Hiring people just for filling positions is going to burn a huge hole in your pocket in the long run.
Monday's business headlines - WISH-TV | Indianapolis News | Indiana Weather | Indiana Traffic
U.S. manufactuers have long grumbled about labor shortages, but the past year has proven particularly frustrating.
As the pandemic pushed millions out of work, many factories were pushed into overdrive by surging demand for everything from pickup trucks to plastic bags. And yet, high jobless rates have not translated into workers flocking to open positions on assembly lines.
Delta canceled 74 flights on Easter Sunday, compared to five cancelations at American and one cancelation at United.
Did you hear about this:
Bloomberg - Are you a robot?
LG is quitting the smartphone business - The Verge
LG is exiting the smartphone business, the company confirmed today. The decision will "enable the company to focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, as well as platforms and services," LG said in a statement .
Existing phones will remain on sale, and LG says it'll continue to support its products "for a period of time which will vary by region." The company hasn't said anything about possible layoffs except that "details related to employment will be determined at the local level." LG says it expects to have completed the business' closure by the end of July this year.
AIkido Pharma Provides Business Update
NEW YORK , April 5, 2021 /PRNewswire/ -- AIkido Pharma Inc. (Nasdaq: AIKI ) ("AIkido" or the "Company") today provided a business update.
The Company reinforced its corporate governance with the appointment of two new independent directors, Mr. Paul LeMire and Mr. Robert Dudley , who each bring extensive executive experience as well as decades of financial expertise in overseeing the Company's execution of its strategy and financing of operations.
NEWBY: Are you in the business of building dreams?
The famous college football coach, Lou Holtz once said, “Ability is what you’re capable of doing. Motivation determines what you do. Attitude determines how well you do it.”
While traveling last week, I noticed a sign in a small local retail establishment that conveyed what I believe creates the heart and soul of local communities. The sign read, “When you support a local small business, you’re supporting a local dream.”
Happening on Twitter
Florida Republican Governor Ron DeSantis is a small government conservative who wants businesses to be allowed to d… https://t.co/GADSLp0Bwp dpakman Sat Apr 03 20:55:26 +0000 2021
Today, Doug Ford could save lives and livelihoods by: - prioritizing essential workers, including education worker… https://t.co/EuiUETFHX2 StevenDelDuca (from Vaughan, Ontario) Mon Apr 05 14:29:36 +0000 2021
"Is that not spreading the virus more than anything — people in the mall and crowded areas?" Small business owner,… https://t.co/JcdSexOFam TorontoStar (from 1 Yonge St., Toronto, Canada) Sun Apr 04 20:40:05 +0000 2021
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