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When we narrow down the current COVID-19 economic situation, we’re all in the same boat. No matter who we are or what we do, getting back to doing business hinges on having customers. Whether we like it or not, there is no guarantee they will be there. Although it may be disconcerting, here is why: • Some […]
How A Transformation Mindset Positions Companies to Succeed After the Crisis
Many businesses are reeling from the COVID-19 pandemic, and while some may return to business as usual once the crisis is over, others may need to alter the way they think and operate in order to survive. Many global leaders think the pandemic will transform the world in significant ways, and companies with leaders who
What Small-Business Owners Can Do to Steer their Way Through a Crisis
As the nation’s economy continues to struggle because of the impact of COVID-19, small-business owners and their leadership skills are being put to the test. They face the task of adapting to the crisis and helping their employees adjust as well. But just what steps can business leaders take to keep employee morale high, make
Thank you for turning to CNYBJ during this crisis
The Central New York Business Journal, a family-owned small business, has been publishing for 34 years. During that time, the business community in our region has never faced a challenge like the COVID-19 pandemic and the recovery from it. While business activity in this era of social distancing is much lower than before, even as regional
Pandemic Thinking: How to Keep Your Head in the (Long) Game
The COVID-19 pandemic is crippling and toppling many U.S. small businesses. Often called “the backbone of the economy,” small businesses that are managing to survive face an uncertain future. As states start to reopen, consumer spending is in steep decline while unemployment skyrockets and many people remain hesitant to venture out. Some entrepreneurs find their
Manufacturers are Open Safely, and Ready to Spur Our Economic Revival
Essential manufacturers have been open safely since the beginning of the COVID-19 pandemic. How? They have used their innate skills for quick process change and adaptation to create safe work environments in a rapidly changing and challenging environment. It’s time we both recognize this and learn from this as a nation. Manufacturing is vital for
Knowing When You Can (or Should) Do Market Research In-House
As your organization works to recover and grow in the wake of the COVID-19 crisis, it is likely that the need for market-research data will arise. Market research is an essential part of creating a marketing plan in the best of times, and in the current economic climate it has never been more important. Unfortunately, the
How COVID-19 is Reshaping Corporate Culture
The outbreak of COVID-19 is radically changing how many U.S. companies operate. Public-safety measures have closed physical offices and made remote working the norm. Travel restrictions have heightened the importance of efficient technology, communication, and collaboration. Executives have had to pivot quickly — reorganizing and rallying their workforce to push forward in an unprecedented time. Some
Opportunities in Estate Planning During the COVID-19 Crisis
In the last several weeks, we have seen the drastic impact of the COVID-19 crisis on our health, way of living, and the economy. While these times may feel uncertain, there are still many factors in your control and even opportunities for those who seek them out. This is especially true regarding your estate plan. The
Here are some recent tweets that came across the @cnybj Twitter feed, offering small business, tech, COVID-19, HR, and career tips. NFIB @NFIB@NFIB issued a set of Liability Protection Principles, intended to protect #smallbiz from the threat of unfounded lawsuits as they begin to reopen. Read the full release here: https://www.nfib.com/content/press-release/coronavirus/nfib-issues-liability-protection-principles-for-americas-small-businesses/ IRS Small Biz @IRSsmallbiz#IRS
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