Small businesses struggle to find workers as pandemic eases

As small business owners try to recover and rebuild in the wake of the Covid pandemic, they face a new hurdle: a lack of workers.

A March survey by the National Federation of Independent Business found that 42% of owners had job openings that could not be filled, a record high. Ninety-one percent of those hiring or trying to hire reported few or no qualified applicants for the positions they were trying to fill.

That is turning into a huge obstacle to growth for many small businesses, said Holly Wade, executive director of the NFIB Research Center.

“They have made it to this point and they’ve adjusted their business operations to get through the worst of the pandemic and now they are saddled with not being able to increase business operations when they find the opportunities,” she said.

More from Invest in You:
As small businesses slowly recover, financial help

Read More

Women business owners embrace pandemic, find opportunities for growth | Current Edition

Like a lot of small business owners, the pandemic hit hard for Stacey Hart. In her case, this meant basically dismantling the direct sales kitchen tool business that the 50-year-old Gillette woman had spent nearly 25 years working to create.

Last April, however, as COVID-19 shut down in-person gatherings and ushered in a variety of new public health restrictions impacting the way she typically did business, Hart suddenly found herself at an impasse as her business ground to a halt.

Her option at this point was to establish a presence online, which up until now, she’d been resistant to try, given her limited computer skills. Now, however, she had little choice but to try, and it turned out that treading into unknown upended her life in ways she could have never imagined.

It was around this same time that Hart’s friend called her with a renewed offer, inviting her friend

Read More

Brexit a bigger headache for business leaders than pandemic

a man standing in front of a building

© Provided by City AM

Brexit represents a bigger challenge to most UK businesses than the Covid-19 pandemic, as additional paperwork, unexpected costs and new regulatory requirements make life more difficult than temporary lockdowns.

Business leaders have told City A.M. that Brexit is currently their number one headache, despite the government’s pledge that the UK-EU trade deal that was agreed at the end of December would result in pain-free trade with the EU, given the agreement’s zero tariff and zero quota regime.

In fact, many business leaders said Brexit is a much bigger problem for their business than the economic impact of Covid-19.

Read more: UK exports via sea to EU down 68 per cent since end of Brexit transition

Negative outlook

The UK’s five biggest business groups recently warned the government that companies face “significant disruption” if post-Brexit conditions are not eased.

The CBI, the Institute of Directors, Make

Read More

15 Entrepreneurs Reflect on What the Pandemic Taught Them About Business and Life

Any experienced entrepreneur will tell you that having detailed plans is the key to a thriving business, but few could have planned for the events of this year. While many business owners continue to fight to stay afloat, many are reflecting on the last several months with an eye toward the future.

For those struggling to make sense of this year’s chaos, we asked the members of Rolling Stone Culture Council to share the top takeaways they have from this year and how they believe the future of business will be affected.

Remote Work Requires Over-Communication

It is important, now more than ever, to over-communicate. With a remote workforce, there is an increased need to touch base with your company, as there are fewer organic opportunities to connect and most communication is nonverbal. There are plenty of technologies and platforms that can help, and we have leaned into these as

Read More