Tag: worry

Issues You Think You Need to Worry About as a New Business Owner (But Don’t)

As a new business owner, you want to set yourself and your company up for success. But with so many different tasks to do and factors to weigh, you might not know what to prioritize. Focusing on the wrong areas can be a waste of your time and energy at best, and at worst, a detriment to your growing business.

To help you avoid that pitfall, we spoke to a group of experienced business owners about their entrepreneurial experiences and what they’ve learned along the way. Below, they share seven things new entrepreneurs tend to put too much weight on when they first start out — and what they should focus on instead.

1. Adding new services

According to Eric Mathews, founder and CEO of Start Co., entrepreneurship is the art of subtraction, not addition. However, many new entrepreneurs focus on adding new features, product lines, people and markets on

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Business owners in Boulder County worry that university outbreak could spell financial trouble

BOULDER, Colo. — As COVID-19 numbers continue to spike in Boulder County, data show that an overwhelming number of cases involve students at the University of Colorado Boulder. On Sunday, of the 202 new cases in the county, 174 of the cases involved students or faculty.

This week, 14 students at CU Boulder face suspension for violating COVID-19 protocol at the school. The school is also moving all classes online to slow the spread.

“I think it is important for college students to understand that just because you want to have fun doesn’t mean you should put the entire county at risk,” said CU Boulder student Elizabeth Mather. At the beginning of the year, she says, “was kind of just an explosion of people getting to see their friends again and having parties.”

Now the surrounding community is facing potential consequences.

“Once I heard about the spike, I started wondering

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Macy’s Polaris Strategy on Track, Soft Store Sales a Worry

Bloomberg

Perelman Selling Almost Everything as Pandemic Roils His Empire

(Bloomberg) — Bit by bit, billionaire Ronald O. Perelman is parting with his treasures.His Gulfstream 650 is on the market. So is his 257-foot yacht. Movers hauled crates of art from his Upper East Side townhouse after he struck a deal with Sotheby’s to sell hundreds of millions of dollars of works.He’s unloaded his stake in Humvee-maker AM General, sold a flavorings company that he’d owned for decades and hired banks to find buyers for stock he holds in other companies.What in the world is going on with Ron Perelman? His exploits on and off Wall Street have been tabloid fare in New York since the go-go 1980s. But now, at an age when most fellow billionaires are kicking back, Perelman, 77, is facing a range of financial challenges, most of all at Revlon Inc., his cosmetics giant.Once touted as

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Thai Economy to Shrink 7%-9% This Yr, Protests a Worry: Business Groups | Investing News

By Satawasin Staporncharnchai and Kitiphong Thaichareon

BANGKOK (Reuters) – Thailand’s economy is expected to contract between 7% and 9% this year from the impact of the coronavirus pandemic, while frequent anti-government protests are a concern, a group of the country’s top business associations said on Wednesday.

While most of virus restrictions have been removed, the tourism-and export-reliant economy remains under pressure as the outbreak cuts global demand, according to a joint standing committee on commerce, industry and banking.

“The economy is still very weak,” Payong Srivanich, chairman of the Thai Bankers’ Association, told a briefing.

“Domestic demand is fragile due to high uncertainty, which could hurt consumer and investor confidence,” he said.

Consumer confidence rose for a fourth month in August, helped by the reopening of businesses and relief measures, but consumer spending will remain very low until at least the fourth quarter, according to a university survey.

The business

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Migrant laborers in Md. worry coronavirus could affect visa status

“Why me?” asked Garcia, 65, who makes between $10 and $11 an hour helping set up equipment for mask-wearing colleagues as they crack shells with tiny knives and pile the meat into plastic containers. “I didn’t ask to get sick.”

About 50 crab pickers tested positive in July, Dorchester County Health Department spokeswoman Angela Grove said in response to questions from the Baltimore Sun.

There were outbreaks — defined as five or more cases in a two-week period — at two plants, said Grove, who declined to identify the facilities.

No one died, and one person was treated in a hospital, she said.

But advocates for migrant workers remain concerned about the safety of the laborers, mostly women, who typically stay in Maryland until November.

In most summers, there are as many as 500 in Dorchester, many clustered on a remote string of three islands collectively known as Hoopers.

Only

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