Tag: Covid

Is Covid to blame for business closures or is it helping new startups? The answer is both

a person standing in front of a store: Photograph: Rick Bowmer/AP

© Provided by The Guardian
Photograph: Rick Bowmer/AP

Last week brought some grim data for small businesses.

Yelp, the popular online review site, revealed that approximately 163,000 of the businesses – mostly restaurants – that listed on their site had disappeared and that, through July, almost 98,000 businesses won’t return. Around that same time a new report issued by the National Restaurant Association warned that more than 100,000 restaurants have permanently closed this year and unless action was taken, more will also fail.

The culprit of all this? Covid-19, of course. But is Covid really to blame? Yes. And no. Let’s dig a little deeper into the numbers.

The fact is that restaurants don’t have a great track record for success. Margins are thin, competition is tough and consumers can be fickle. Which is why, according to industry reports, 60% of restaurants don’t make it past their first year and

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‘Hanging on’: How gyms in Massachusetts are implementing in-home training and Zoom classes with social interaction to stay afloat amid COVID

In May, Corey Clark’s gym, Bodystrong Fitness became the mecca of workout facilities in Massachusetts. While hundreds of fitness centers remained closed due to Massachusetts COVID-19 guidelines, Clark ignored Gov. Charlie Baker’s order and reopened his gym in Chatham.

Visitors from as far west as Fall River and as north as Boston would trek to Cape Cod to purchase day passes.

As one of the only open gyms in the state, Bodystrong Fitness would see about 250 visitors per day. The business also received fines of about $1,000 on the local and state levels. When the state moved into Phase 3 in early July, allowing for gyms to reopen, the number of visitors regressed to the mean of about 150 per day.

Still, Clark estimates between 20,000 and 30,000 visitors – many of them repeat customers – have signed in at the gym in the five months since reopening. Not

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ServiceNow Delivers New Levels of Business Agility and Resilience for the COVID Economy

SANTA CLARA, Calif.–(BUSINESS WIRE)–ServiceNow (NYSE: NOW), the leading digital workflow company making work, work better for people, today unveiled the Now Platform® Paris release, to help organizations remain agile and be resilient so they can grow and enhance their productivity during the COVID economy. With ServiceNow workflows, people can work smarter and organizations can realize faster time to value from their technology investments.

The COVID economy has exposed weak links in old value chains, driving a workflow revolution. Organizations that struggle to digitally transform and create great experiences for customers, employees, and partners in this new work environment are being left behind. According to IDC, 45 percent of organizations worldwide are now in economic decline or recession, with 64 percent of organizations worldwide planning to be early adopters of emerging tech.Those organizations that are digital laggards are more inclined to seek out emerging tech as a

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COVID – 19 Impact Analysis for Global Demolition & Wrecking Market Report on Pricing Trends and Strategies, Supplier Market Insights, Forecast For 2024 by Spendedge

LONDON–(BUSINESS WIRE)–The Demolition and wrecking market will register an incremental spend of about $ 10 billion, growing at a CAGR of 3.52% during the five-year forecast period. High demand for automatic Demolition & Wrecking owing to the development and growing usage of low-cost automatic vehicles will impact the transmission fluid market. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages

Key benefits to buy this report:

  • What are the market dynamics?
  • What are the key market trends?
  • What are the category growth drivers?
  • What are the constraints on category growth?
  • Who are the suppliers in this market?
  • What are the demand-supply shifts?
  • What are the major category requirements?
  • What are the procurement best practices in this market?

SpendEdge’s procurement market intelligence reports for the Heavy Industry category help in identifying category pricing dynamics which assist

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Rishi Sunak warns Covid jobs plan will not stem UK’s rising unemployment

Rishi Sunak has warned that Britain faces a winter of rising unemployment as he said a new multibillion-pound spending package to boost an economy battered by Covid-19 would not be enough to prevent business failures and job losses over the coming months.

The chancellor said his winter jobs plan – a combination of wage top-ups, cash flow support for companies and an extended VAT cut for the hardest-hit sectors – was needed after tougher curbs to tackle the pandemic were announced earlier this week.

Sunak said the protracted battle against the virus meant the economy was undergoing a permanent adjustment but that it was “fundamentally wrong” to keep people in jobs that only existed due to the furlough introduced six months ago.

“We need to create new opportunities and allow the economy to move forward and that means supporting people to be in viable jobs which provide genuine security. As

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COVID temp. visa holders: ‘If you call 000 … I will send you back to your country’

Video above: Anti-domestic violence campaigner, Arman Abrahimzadeh, reveals the violence he experienced in his childhood. Full episode on SBS On Demand.

At the first sign of lockdown due to COVID-19 in Australia and across the globe, there were concerns domestic and family violence would increase in prevalence and intensity. It was also feared that, at the same time, conditions would prevent women from coming forward.

We have now gathered data showing these fears were well founded.

But what of the specific situation of temporary visa holders?

Our study of 100 cases during the first Victorian lockdown has illuminated the urgent need to remove barriers to support for temporary visa holders. It has also highlighted the need for changes to Commonwealth law and policy, so perpetrators are no longer able to use migration status as a means to control and abuse women.

This propensity is captured in the quote from one

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After another week at moderate risk for COVID, Brockton could soon look to bring some students back for in-person learning – News – The Enterprise, Brockton, MA

Brockton remains a community at moderate risk for COVID-19 on the state’s risk assessment map — the fourth straight week with that designation, after two weeks at high-risk red.

BROCKTON — For the fourth straight week, the city has been designated as a yellow community at moderate risk for COVID-19, inching the city’s schools closer to a partial return to in-person learning.

The weekly Massachusetts Department of Public Health statistics, released on Wednesday evening, show Brockton had 6.7 coronavirus cases per day per 100,000 residents over the last two weeks. That number is the same as last week’s report.

Brockton remains a community at moderate risk for COVID-19 on the state’s risk assessment map — the fourth straight week with that designation, after two weeks at high-risk red.

We can deliver news just like this directly to your inbox. You can sign up for News Alerts (so you don’t miss

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‘It would have been fine if COVID wouldn’t have hit’

Author’s note: This is not MY personal story, per se, (despite the “my pandemic business story” headline), but a story told by our readers, week by week. Today’s is shared by Karen.

You might have heard that owning a business these days can be a real challenge, in this age of coronavirus. But how? In what ways? We’re going to tell you. To contribute your own experience, scroll all the way down to the bottom of this article and tap the link.

In January 2019, Karen Madaras and her business partner took a leap of faith — or a powerful, ninja-warrior-style athletic jump, to be more accurate: They opened a themed gym in the Memorial area of Houston.

People were driving in from all over to visit the gym. First they wanted to see Madaras’ business partner, Sam Sann, who actually built the first ninja warrior gym in the

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Colorado business owners adapt to COVID realities, prepare for future

CBS News is chronicling what has changed for the lives of Americans in 2020 amid the coronavirus pandemic.

The COVID shutdown was a devastating way to start the year for many Colorado businesses reliant on tourism. 

International travel was blocked, locals stayed home, and employees were difficult to maintain — especially when federal unemployment paid more than hourly wages  for many. 

But now, many business owners feel they’ve survived the worst and are looking forward to winter.

Dustin Dyer, co-owner of Kent Mountain Adventure Center (KMAC) in Estes Park, said business this spring and summer was better than he expected, despite COVID, though still down 30-40% compared to past years.

Dyer said one enduring effect of the pandemic has been difficulty hiring staff, which has put a strain on employees.

“We’re kind of working with this skeleton crew,” he said.

Dyer’s employees are responsible for customer safety, so they require

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DFAT’s Business Partnership Platform: What applicants need to know about the COVID funding round

The Business Partnerships Platform will continue supporting private second engagement and innovative partnerships in the Australian aid program until 2024.

CANBERRA — Engagement with the private sector is an important part of the Australian aid program’s approach, which was initially established under former foreign minister Julie Bishop. The Business Partnerships Platform was announced in 2015 as part of this approach to encourage traditional development organizations, the private sector, and innovative thinkers to work together on developing new programs that can lead to sustainable development in the Indo-Pacific region and Southeast Asia.

A continuing chapter of this funding initiative begins this year until 2024. Four focus countries have been selected by the Department of Foreign Affairs and Trade — Fiji, Samoa, Sri Lanka, and Vietnam.

“These focus countries receive targeted support to help deepen private sector engagement and to maximize impact,” Ariane Gauchat, team leader for BPP with Palladium, told Devex.

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