Small business owners in the United States are losing a lot of sleep these days, worried about how much longer they will be able to resist. And so are its owners.
Economic closings and intermittent reopens due to coronavirus have made it difficult for business owners to cover their income, reports CNN Business’ Jeanne Sahadi.
All of this has raised many questions. Sahadi spoke to a business owner who wondered who should be responsible for the rent when the government forces them to close: the business or the owner?
Some small business owners are delaying or making reduced rent payments. Others have had to borrow against their homes or use personal credit cards to cover business expenses.
But some deals are also being made.
Concessions like rent reduction or leniency can help both landlord and tenant, for example. There is also the option for a business owner to pay the owner a fixed percentage of future income.
Black workers say enough is enough
Thousands of workers left work on Monday to protest economic inequality and systemic racism.
The national strike for black lives was organized by a coalition of black advocacy groups and unions to demand higher wages and better benefits and allow workers to form unions.
Ivanka Trump tells the unemployed to ‘find something new’
Presidential adviser Ivanka Trump launched a new ad campaign called “Find Something New” last week.
And it didn’t go well for everyone.
The effort was launched with a virtual roundtable of business leaders, including Apple CEO Tim Cook, which was held at the White House.
Job seekers: take your post-its
If you’re a recent graduate looking for a job, I’m sorry. It really is a difficult time to look for work.
What makes this current situation even more difficult to digest is the great speed at which things have changed: the unemployment rate went from 3.6% in January, when companies had difficulty finding workers, to 11.1% in June .
Deep breaths
There are steps you can take to identify and promote your own unique skills and talents to potential employers and help you get hired, he writes. Nancy Darling, professor of psychology at Oberlin College, for CNN Opinion.
Start by taking some Post-it notes and mapping your strengths, he advises. Write down the technical, linguistic, quantitative, team leadership, communication, and any other skills you have been able to perfect. And don’t forget unusual talents (even juggling!).
Now is the time to tell your story and sell yourself. The key is to recognize which of your unique skills are most applicable to the job and display them along with your experience.
Break
So far, I’ve been able to take a look from Shanghai, China, saw a fairly busy street in Brixton, London, and saw beautiful scenery from Villongo, Italy.
Do you have a view that you think is worth sharing? You can also send your own 10-minute horizontal HD video from your window and frame.
Think of all the money you’ll save by taking a world tour without ever leaving your living room. Happy virtual trips!
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