Finance

The unprecedented COVID-19 outbreak has holed up a huge chunk of the global population in their homes.

What does this mean for the billions of economic engines scattered around the world? How are businesses to sustain themselves? If these questions are haunting you, you’re not the only one.

Fortunately, this problem has a solution:

Social media marketing.

Why is Social Media Marketing the Answer?

Let’s look at the main reasons why you should take your marketing online now:

There’s a Sharp Rise in Demand for Online Content

In the quest of killing time, seeking information, and calming ourselves,

Bank of America said Friday evening that through its first day administering a small business relief program, more than 85,000 customers applied for $22.2 billion in loans.

The bank was the first major lender to get its web portal for the Paycheck Protection Program up and running, and it was soon inundated with requests.

“That is an astounding number of applications to take in such a short period of time and considering we just launched the site this morning at 8:45 a.m.,” a Bank of America manager told staff in an email. 

As of mid-afternoon Friday, among the largest U.S.

As more people look to keep working during the coronavirus pandemic, a new report reveals 85% of gig workers aren’t afraid to work. And as more people deal with the virus, 70% say they will keep working as long as safety measures are in place.

This week’s roundup looks at how small businesses are not only coping with COVID-19 but also how they keep working under the circumstances.

The first news is there is a $2.2 trillion stimulus package which will provide the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). It will greatly expand the 7(a) SBA

Starting a small business is an exciting thing to do. New opportunities lie in front of you, and it’s all on you how you’ll develop the business and how fast you’ll grow. But as a new business owner, one thing is most oftenly skipped and that’s getting the right insurance.

Of course, you should speak with a law firm about the matter, but it doesn’t hurt to read about what type of insurance you will need in order to operate without worrying if an incident happens.

So, let’s go over the main types of insurances a small business needs

The COVID-19 epidemic is disrupting the nation’s medical facilities and individuals who work there. Consequently, they are facing shortages in Personal Protective Equipment (PPE). In recent weeks these protective gears have become scarce and in short supply.

As a result, health care workers are being forced to ration their N95 masks. These are the masks the Center for Disease Control (CDC) provides maximum protection form the disease. While those who don’t have access to N95 masks are resorting to surgical masks.

Making Face Masks

In a bid to curb the shortage of these protective gear and stifle the infection