Owners

Chamber Leaders Help Business Owners Navigate New Landscape

BUFFALO GROVE, IL — At a time often filled with cynicism in the business world due to the coronavirus pandemic, especially on the local level, Adriane Johnson remains optimistic. The president of the Buffalo Grove Lincolnshire Chamber of Commerce is drawing plenty of positivity from other area business owners.

“Overall, the vibe of our [Chamber] members is hope, continuous improvement, pivoting and innovation,” said Johnson, who founded Populus XP, LLCout of Riverwoods, in 2006. “Our members are resilient and are demonstrating the power of American ingenuity.”

The Chamber was formed in 2014 following a merger between the Buffalo Grove Area Chamber of Commerce (founded in 1972) and the Greater Lincolnshire Chamber of Commerce (1973). It is headquartered at 50 1/2 Raupp Blvd. in Buffalo Grove.

“Our members have pivoted in the pandemic and have embraced technology platforms like Zoom, to support the new virtual workforce and new way of doing

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Home Depot co-founder and Atlanta Falcons owner’s best advice for New York Mets owner Steve Cohen

Here’s a big tip on how to run a successful sports franchise from one born and bred New Yorker to another.

“It’s not very complicated to be a team owner,” Home Depot co-founder and long-time Atlanta Falcons owner Arthur Blank told Yahoo Finance’s The First Trade. When asked what advice he would give new New York Mets owner and financier Steve Cohen, the Queens-born Blank and author of new book “Good Company” said a tremendous amount of listening needs to be done to make the Mets a winning organization again. Cohen’s listening tour should run from fans’ gripes about the team (and there are many with the Mets) and issues inside the organization.

That approach is the only way the long under-achieving Mets may find success, well, that and Cohen (worth a reported $14 billion) opening up the payroll pocketbook that outgoing owners the Wilpons have mostly kept closed in

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Business owners in college towns are ‘trying to do everything’ they can to stay afloat

Owner Claudio Gianello stands in the doorway of his temporarily closed Café Beaudelaire restaurant, on June 23, 2020, in Ames, Iowa, where the coronavirus surge is serious enough to prompt several business owners near the Iowa State University campus to close voluntarily just weeks after reopening. <p class="copyright"><a href="https://newsroom.ap.org/detail/VirusOutbreakCollegeTowns/865bbb449fc1427489f960e092d5d7e8/photo?Query=VIRUS%20OUTBREAK%20COLLEGE%20TOWNS&mediaType=photo,video&sortBy=arrivaldatetime:desc&dateRange=Anytime&totalCount=5&currentItemNo=4" rel="nofollow noopener" target="_blank" data-ylk="slk:AP Photo/Charlie Neibergall" class="link rapid-noclick-resp">AP Photo/Charlie Neibergall</a></p>
Owner Claudio Gianello stands in the doorway of his temporarily closed Café Beaudelaire restaurant, on June 23, 2020, in Ames, Iowa, where the coronavirus surge is serious enough to prompt several business owners near the Iowa State University campus to close voluntarily just weeks after reopening.
  • Businesses in college towns in the US are still reeling from the mass exodus of students that began in the spring and has now remained into the fall.

  • Many schools have adopted online-only approaches to learning or implemented a hybrid approach that brings only some students back to campus.

  • As their primary clientele — students, their families, and other members of university communities — diminishes, some business owners face a difficult decision: temporarily shut down again or close forever.

  • Visit Business Insider’s homepage for more stories.

For nearly a decade, Chris Carini has owned Linda’s Bar & Grill in Chapel Hill,

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How Owners and Entrepreneurs Can Deal With Financial Stress

Millions of Americans have been left unemployed over the past half-year and are subsequently struggling to cover their bills and keep a roof over their heads. And for business owners, the situation is even more precarious. Unfortunately, despite fewer (if any) customers coming through the doors, businesses still have overhead that needs to be covered. Even those able to move some operations online likely still have had to contend with rent, utility and insurance costs and other financial obligations.

Additionally, some businesses may be obliged to cover the costs of supplier contracts even though they may not be able to use the items. For example, according to Reuters, the international clothing store Primark has committed to pay its suppliers $461 million for orders, despite all of its stores closing their doors in March.

Even though there have been provisions for businesses to defer payments, once they start trading again, these

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Austin Small Business Owners Pessimistic On Coronavirus Recovery

AUSTIN, TX — Austin has the nation’s largest share of small business owners who think they won’t be able to recover from the corrosive economic effects of the coronavirus, according to a study released on Wednesday.

Researchers at LendingTree, the nation’s largest online lending marketplace, analyzed results from the U.S. Bureau of the Census Small Business Pulse Survey before calculating the percentage of small business owners in the 50 largest U.S. metros who believe economic recovery is beyond their reach.

Among the key findings:

  • Neighboring San Antonio ranked second, with 14.9 percent of respondents not believing their business will recover from the pandemic. Moreover, more than 62 percent of San Antonio small business owners believe it will take at least four months before business is back to normal.

  • At the other end of the spectrum, small business owners in some cities do see light at the end of the tunnel

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Queer Eye’s Tan France Uses His ‘Hellacious’ Start in Business to Help Owners During the Pandemic

When it comes to launching a small business amid tough economic times, Tan France can certainly relate.

“I started building my business within the [2007-09] recession, which was so unwise but I had no other choice,” the Queer Eye star, who founded fashion brand Kingdom & State, tells PEOPLE. “The first year-and-a-half, in particular, was so dire.”

“I started very late 2009, and 2010 was a wash. Then in 2011, I learned how to change things up to make it appropriate for what people were actually going through at that time,” France, 37, continues. “So I absolutely know what it means to pivot your business and switch things up to cater to the new market or audience.”

What France didn’t know, however, was that his experience would benefit him years later as he takes on his newest venture: starring on Facebook Watch’s Boost My Business, a show where he

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