Day: November 13, 2020

5 Ways to Help Your Small Business Survive During the Pandemic


6 min read

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Covid has been the ultimate disrupter to the global . Fortune 500 companies and small start-ups alike have felt the blow, but it’s the  that have suffered the most.

Small businesses are the backbone of the U.S. economy. According to the World Economic Forum, small businesses are responsible for employing nearly half of the private sector workforce. However, during these volatile times where social distancing measures have been put in place and mandatory shut-downs have happened, many small businesses have not been able to survive.   

In September,  released its latest Economic Impact Report revealing closures across the U.S. are increasing as a result of Covid. According to Yelp data, permanent closures have reached 97,966, representing 60 percent of closed businesses that won’t be reopening.

“Overall, Yelp’s data shows that

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Boycotts unsettle boards

In this partisan era, companies can find themselves targeted by boycotts from either end of the political spectrum. And it’s during high-profile crises of brand identity that board members can truly prove their worth, imparting insight to executives and reassuring shareholders. But what happens when directors agree with the political bent of the boycott? According to a new study, it’s possible these directors will act on their personal convictions and exit the board.

In general, it’s not unexpected for a director to leave when the going gets tough. Research shows that board members are more likely to give up their seat when their firm is filing for bankruptcy, restating earnings, fending off lawsuits, or reeling from credit downgrades than when it is running smoothly.

But unlike those negative events, which send an unmistakable signal that management is on the wrong path, boycotts tend to be

Read more

Boycotts unsettle boards

In this partisan era, companies can find themselves targeted by boycotts from either end of the political spectrum. And it’s during high-profile crises of brand identity that board members can truly prove their worth, imparting insight to executives and reassuring shareholders. But what happens when directors agree with the political bent of the boycott? According to a new study, it’s possible these directors will act on their personal convictions and exit the board.

In general, it’s not unexpected for a director to leave when the going gets tough. Research shows that board members are more likely to give up their seat when their firm is filing for bankruptcy, restating earnings, fending off lawsuits, or reeling from credit downgrades than when it is running smoothly.

But unlike those negative events, which send an unmistakable signal that management is on the wrong path, boycotts tend to be

Read more