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Tips Entrepreneurs Can Use To Manage Their Responsibilities

Entrepreneurs need to manage their businesses and still find time for family, friends, and other essential aspects of life.

3 essential tips for small businesses struggling to stay afloat

ColoradoBiz Magazine Many small businesses are struggling due to economic challenges imposed by the pandemic February 8, 2021 Many small businesses are struggling due to economic challenges imposed by the pandemic. In fact, research shows [1] small businesses owned by Black, Indigenous and People of Color (aka BIPOC owners) have been hit harder than others. The National Bureau of Economic Research reports that between February and April 2020, the number of Black-owned businesses declined by 41%, Latinx-owned businesses fell by 32% and Asian-owned businesses dropped by 25%. Meanwhile, small businesses declined 21%. This is concerning, especially since small businesses create 1.5 million jobs annually and account for 64% of new jobs created in the U.S., according to the Small Business Administration.

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