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Right which of the roles of small businesses affected you and your community. Show you specific experience.
Right which of the roles of small businesses affected you and your community. Show you specific experience.
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She was one of several business owners who got advice from a variety of financial and entrepreneurial experts, including Melissa Bradley, founder of 1863 Ventures; certified financial planner Lazetta Braxton, co-founder and co-CEO of 2050 Wealth Partners; Bobbi Brown, founder and CEO of Beauty Evolution + Evolution 18; Brad Feld, co-founder of the Foundry Group; and Phillip Gaskin, vice president of entrepreneurship at the Kauffman Foundation.
Staying in business
Keeping the doors open is the biggest challenge facing small businesses today.
Approximately 60% of businesses that closed during the crisis won't be reopening, according to Yelp's Economic Impact Report, released in mid-September.
Businesses like Justin's that are struggling to find their footing should think about what their community's needs are now, said beauty icon Bobbi Brown, who left her namesake cosmetic company in 2016 to start her new lifestyle and content company.
"This is an opportunity for people that have small businesses to pause, look at everything and say, Where am I now? What was working? What wasn't working?" she told Justin.
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How these small businesses are surviving during the pandemic
For example, Brown's new line, Evolution 18, is sold in retail stores. When the pandemic hit, she had to pivot to direct-to-consumer sales.
She suggests Justin offer something that her clients can do while they are home and be ready to take the next step when things change.
Reaching out to a support organization in your community is also important right now, said Phillip Gaskin, vice president of entrepreneurship at the Kauffman Foundation.
For instance, the Kaufman foundation has its 1 Million Cups program, which provides free weekly meetings for entrepreneurs around the country.
The racial divide
Entrepreneurs of color have been hit even harder during the pandemic.
The number of Black business owners dropped by 41% from February to April, according to a June report from the National Bureau of Economic Research. The ranks of Latino business owners fell by 32% and Asian business owners by 26%, while the number of White owners fell 17%, the report found.
Explanation:
# ❓❓your reaction because it's so many right
#carry on learning