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As the COVID-19 Pandemic digs its claws into virtually every sector, many are realizing that their livelihoods can be compromised far more quickly than they previously deemed possible. In fact, estimates assert that unemployment claims could spike to an unprecedented 2.25 million in the coming weeks.

A chart of the unemployment rates in 2020 due to COVID-19 the Cornavirus
A chart of the unemployment rates in 2020 due to COVID-19 the Cornavirus
Chart showing unemployment rates at a record high

In a pre-pandemic world, there has always been a debate between entrepreneurs and their families about whether or not it’s wise to be self-employed or to attempt to make money online.

Bystanders make comments about the riskiness of starting your own business; they cite statistics about the likelihood that a startup will fail. As this current climate has pointed out, the truth of the matter is that traditional employees are the first ones to lose their jobs when the going gets tough, whereas an entrepreneur is obviously not going to fire themselves. …

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Patrick Benske

My thoughts on life, business and finance.