Entrepreneurship

Nearly 73,000 Businesses Have Closed Permanently

NickelsMcHughMcHugh
31 July 2020

According to data from Yelp, more than 55 percent of the 132,500 businesses listed on the site that closed during the pandemic will remain shuttered permanently. Although government relief bought some companies time, businesses that are now closed will likely…

WSJ: “How Airbnb Fell From Successful Startup to Crisis Mode”

NickelsMcHughMcHugh
1 June 2020

A couple of weeks ago, we looked at how Airbnb hosts are struggling after the travel industry came to a standstill due to widespread stay-at-home orders. This video explains in greater detail why the once successful startup was so vulnerable to an…

Restaurants Implement COVID-19 Surcharges

Audrieanna Burgin
18 May 2020

Restaurants and service industries have been severely impacted by COVID-19. Many restaurants were forced to close their doors due to stay-at-home measures and some will remain closed permanently. As supply chains are broken all over the United States, food prices are increasing. Restaurants are dealing with higher costs and reduced revenues. As a result, some restaurants are implementing what is being called a “COVID-19 surcharge.”

NYT: “How One Business Pivoted to Fighting Coronavirus”

NickelsMcHughMcHugh
30 April 2020

Although many companies remain closed during the ongoing pandemic, some businesses have been able to alter their operations to produce increasingly vital supplies. This video looks at how Dogfish Head Brewery managed to keep its employees on the payroll while also supplying local hospitals with hand sanitizer.

Small Businesses Have Trouble Securing Vital Loans

NickelsMcHughMcHugh
7 April 2020

The ongoing coronavirus pandemic has caused countless restaurants and stores across the country to alter their services or close entirely, some for as long as a month so far. This stretch of downtime has been devastating for many small businesses that usually get by on week-to-week sales. At Old Town Pizza & Brewing in Portland, Oregon, owner Adam Milne had to lay off two-thirds of his staff as the brewpub transitioned into carry-out only service. In the process he racked up nearly $25,000 in credit card debt to pay for rent, utilities, and other mounting expenses. Although Milne has tried to secure a small business loan to stay afloat, he’s had no success so far.

Ways Small Businesses Can Survive COVID-19

Audrieanna Burgin
20 March 2020

The COVID-19 pandemic is impacting businesses large and small. Several economists are declaring that a recession is on the horizon. A recessionis a business cycle contraction when there is a general decline in economic activity.This occurrence would be devastating to…

Chicken Little is an Increasingly Rare Bird

EVs: Driving Change at Convenience Stores

Who’s In The Driver’s Seat: The Changing Dynamics of Auto Production

China’s Population is Declining – Too hot, too cold, or just nice for its Economic Development?

The Externalities Effect of Child Firearm Fatalities in the States

Why is Everything Getting So Expensive?

Understanding the U.S. Labor Market – A January 2023 Snapshot

The New Economics of Car Production

Looming Water Crisis – What can YOU do to Conserve Water?

U.K. Economy Three Years after Brexit