Women who run small businesses face a unique set of stressors as the pandemic threatens the viability of their companies. “Women are disproportionately owners of foot-traffic-based companies,” such as salons, spas and retail establishments, said Sarah Gustafson, lead data scientist at Gusto.
Source: USA Today
While we continue to wait for a Covid-19 vaccine, millions of small-business owners know this winter will present some challenges. By keeping daily tabs on revenues and cash flow, they can continue to run their businesses while funding their tax obligations and retirement plans. Now is the time to get those plans in place.
Business owners in Maryland discuss their unique challenges and needs with new state funding coming down the pipeline, some of which are already promised to other state and county services. Without knowing how long the pandemic will last many businesses don’t know if more assistance is needed or if they should call it quits now.
Source: The Frederick News Post
Huntington Bank has announced it has launched a new $25 million lending program. The program will be focused on helping Midwest-based small businesses owned by minorities, women and veterans.
Source: Small Biz Trends
Bluehost released a survey that asked 500 business owners with fewer than 100 employees how they’ve transitioned online, adapted to ecommerce and adjusted their outlooks on future pain points, obstacles and potential opportunities. See the infographic with the results.