May 4, 2021

survive

1 in 6 LI small businesses didn’t survive the pandemic

Some closed their doors.

Some survived, though just barely.

And some see better times just around the COVID-19 corner.

The road to a so-far elusive recovery has been a difficult one for Long Island’s downtown business owners — a preternaturally optimistic group accustomed to high overhead costs, onerous regulations and the daily challenges of managing staff and satisfying customers. In the year since the pandemic started, they’ve endured layoffs, furloughs and steep income losses.

Many no longer exist.

10,000 out of 60,000 Amount of small downtown businesses on Long Island that have closed in the past year, according to

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Germany’s Small Business Owners Fight To Survive Amid Fears Of A Wave Of Insolvency : NPR

Sylvia Falkner stands in front of her Berlin pub, Metzer Eck, which has been owned by four generations of the same family since 1913. She is one of thousands of small German business owners struggling to keep their businesses open in an extended pandemic lockdown.

Rob Schmitz/NPR


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Rob Schmitz/NPR


Sylvia Falkner stands in front of her Berlin pub, Metzer Eck, which has been owned by four generations of the same family since 1913. She is one of thousands of small German business owners struggling to keep their businesses open in an extended pandemic lockdown.

Rob Schmitz/NPR

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If you survive two decades in finance, this is your lifestyle

I’ve spent well over two decades working on Wall Street. For people of my generation, the complaints about working hours are a curiosity. All of my cohort have had the same reaction: this is what you wanted to; if you don’t like it, there are a thousand (or maybe even 10,000) people your age who will take your place. 

You don’t make good money in finance for nothing. 

It’s not the case – as juniors seem to think – that the people above them are necessarily working less. As one Credit Suisse director pointed out today, he still starts work

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Business owners say passion helped their business survive pandemic

Some small businesses and their employees have been devastated by COVID-19. This week, KCCI is looking back on how the pandemic changed lives forever in Iowa. KCCI’s Andrew Mollenbeck spoke with people behind some hard-hit businesses. Cyd Koehn built her business catering executive lunches, weddings and special events. But the gatherings that were the lifeblood of her company stopped completely one year ago.”I had a large St. Paddy’s Day party that was canceled, so I was realizing then that the phone calls started coming in to reschedule, to cancel,” Koehn said. “I was sort of numb. I didn’t really know … Read More