As small businesses grasp at straws and apply for every grant, loan, and funding opportunity that exists to stay afloat, we are in real-time seeing the decimation of them in our communities.
The devastation is affecting Black and brown business owners in massive numbers, with 41% of Black businesses closing due to COVID-19, compared to 17% of white business owners, according to a study by the National Bureau of Economic Research.
When we think about the system that causes this disparity, we often blame the individual.
“They weren’t savvy enough to save their money.”
“Why don’t they have a rainy day fund?” …
Due to a lack of response from our state leaders, we as business leaders have had to do the heavy lifting in figuring out what is the most safe and effective way to reopen. As a coworking space, a majority of our work is rooted in bringing people together. With the shutdowns we were able to shift and launch our WFH membership and also are in the midst of launching a new online community to make our entrepreneur/business support resources more available. Until then, we have been navigating a reopening of our space during a pandemic.
I recommend approaching reopening with this mantra: [INSERT YOUR BIZ NAME] will not be the source of the next…
Student loan debt in America is crippling. When you have no ability to take risks because you are buried in debt you will have no flexibility for forward economic mobility. Debt is what takes you backwards. If this could be solved, it would solve so many other problems. The best gift my parents ever gave me was this lesson — be careful of debt.
Because of that, I went to community college, then my state university where I loaded up and maxed out on classes to get done as quickly as possible, followed by a technical college for design. …