Small businesses have had to get creative to survive the coronavirus pandemic and the lockdown enforced to curb the spread of the contagion. But the same technologies that sustained these businesses also yielded increased costs and complexities. As our lives are increasingly more digitalized, business owners (of all sizes) are contending with new expenses relating… Continue Reading
Corona has forced changes in every part of life. Stores are not the same place we were used to just a few months ago. There are less people walking around, plastic partitions at checkout, customers and clerks wearing face masks, and many more disinfecting stations. These modifications are costly and many businesses, already strapped after… Continue Reading
The current ongoing coronavirus pandemic has led to some remarkable business discoveries, including the revelation that fintechs, primarily online financial service companies, are effective liaisons for small business owners as well. The agility and flexibility that most fintech companies have allows them to be responsive in real-time; they experienced fewer policy and bureaucratic hurdles than… Continue Reading
The coronavirus has been ravaging New York City since March, and local food entrepreneurs stepped in to support healthcare workers on the frontlines. Some have offered free meals, others are packaging to-go bags with ice packs for pick up, and some businesses are modifying their business model to accommodate demands. Cole Riley, for example, founded… Continue Reading
With the coronavirus lockdown now entering its 10th week, New York City business owners have gotten creative in their attempts to keep customers engaged and buying. Restaurants remain closed for dining in, but almost all eateries have adopted delivery systems to bring food to diners at home. Amy Schiappa, the owner of two hair salons… Continue Reading
It may seem strange to suggest a budget overhaul at a time of so much uncertainty. But that is exactly when these kinds of changes can be most beneficial and impactful. In general, many regular expenses have ceased to be a concern during the corona pandemic. There are virtually no restaurant meals, mani-pedis, or gym… Continue Reading
New York certainly earned its name as the “city that never sleeps.” There are more coffee selling venues per capita in New York than in any other American city. It is a deeply-entrenched testament to the coffee-fueled culture of brews and bagels. And even as New Yorkers have been practicing social distancing for nearly a… Continue Reading
The coronavirus has forced many companies, universities, and businesses to transition to working from home. Nearly one quarter of the American workforce already works from home, some partially and others on a full-time basis, and can offer substantial guidance for those workers and managers working apart for the first time. Here are some tips from… Continue Reading
The world’s richest and most successful business leaders are donating billions of dollars to fight the novel coronavirus. As hospitals throughout New York and across the country scramble to find enough respirators, masks, and protective equipment for their staff, ultra-high net worth individuals are stepping up to the task. Joe Tsai and his wife Clara… Continue Reading
While most of New York City’s businesses have ceased or slowed operations during the novel coronavirus pandemic, Mayor de Blasio designated bike shops as an essential business allowed to remain open. More people have taken up cycling as their transportation method of choice, rather than risk infection on subways and buses. For these commuters, cycling… Continue Reading