“Navigating uncertainty during this pandemic and the associated political and economic landscape is the biggest challenge for any entrepreneur,” said Sanyin Siang, executive director of the Fuqua/Coach K Leadership and Ethics Center at Duke University and author of “The Launch Book: Motivational Stories to Launch Your Idea, Business or Next Career.” “The motivator is a deep belief in the idea.”
“A lot of people are afraid that a home office deduction is inviting an audit,” said Mark Luscombe, principal federal tax analyst at Wolters Kluwer Tax & Accounting in Chicago. “My view on that is if you are entitled to the deduction you should claim it, as long as you follow the rules.”
Participants develop meaningful relationships with other people over fifty on the same path and learn from their cohort’s wisdom and experience,”
I’m hanging in there,” Ms. Burns said. “I’m still in a revenue hole, though, for 2020 as compared to last year — about a 30 percent year-over-year drop. Coronavirus cases are surging in Ohio right now, so I am unsure how it will play out — we’ll see.”
While the coronavirus pandemic is causing many older workers who have lost jobs, or who have been offered early retirement severance packages, to decide to leave the work force, others are shifting to entrepreneurship.
“The Embodied Labs technology puts you into the shoes of the patient and you also see what the disease is going to look like over time,” said Mary Furlong, a consultant on health care and longevity marketing. “It’s not just a science project; it is a viable market,” she said.
Kerry Hannon recently spent time with five retirees to learn how their post-retirement work is bringing meaning to their lives and making a difference in the world, even as the coronavirus pandemic rages. Here are their stories.
“This crisis is forcing family businesses to make trade-offs among objectives that would have previously been unimaginable — all while dealing with the complex dynamics of a family.”
“Without my employees, I can’t be where I am today,” she said. “I need them. I can’t betray them. In the long run, they will be there for me.”
It is possible for small businesses to come out even stronger, said Scott Shigeoka, an entrepreneurship coach. “There will be small operators like Iwi Fresh that walk away from this time with a more diverse customer base, stronger business model, new partnerships and resilience to future crises or pandemics.”