It’s no secret that the COVID-19 pandemic has caused business owners to shift gears and re-evaluate everything about how they sell their products. These unpredictable circumstances, along with the difficulties of maintaining financial stability, leave many entrepreneurs and small businesses to feel as if they’re on their own and uneasy about their professional position in today’s economy.
During this disruptive time of the COVID-19 pandemic, the Las Vegas chapter of SCORE continued to assist small business owners and entrepreneurs. Our services — whether individual confidential mentoring, workshops or access to a library of online resources that includes tutorials, templates, checklists, blogs and videos — have remained available free of charge.
This week, Nevada Realtors issued a statement from NVR President Chris Bishop about Nevada Gov. Steve Sisolak’s Aug. 31 announcement that extended the state’s moratorium on evictions for another 45 days beyond the original Sept. 1 expiration date:
Crises, be they a global health emergency that shuts down economies, a natural disaster or something affecting just a single business, can catch Southern Nevada small business owners off guard at any moment. In the face of uncertainty, employees and customers alike seek strong leadership. Looking at insights from experts and customers, as well as perspective of business owners, can provide a guide to standing up to these challenges and inspire communities both within and outside of a business.
Should I go into real estate? Real estate is a unique opportunity. Let’s go back 10 years, when we had the downturn. What was selling? Even with thousands and thousands of foreclosures. People still bought homes and the industry kept going.
The health of the Las Vegas economy depends on the health of its small businesses.
At special legislative sessions, by their nature, it seems as if there’s always something wrong, something going sideways. The 32nd Special Session of the Nevada Legislature conducted recently addressed significant policy issues that could not wait until the regularly scheduled legislative session.
By now it’s well-known that Gov. Steve Sisolak ordered a moratorium on all commercial and residential evictions. Through various subsequent directives, the moratorium was extended and set to expire on July 1. Shortly before this expiration, the governor issued an emergency directive on June 25, allowing evictions for nonpayment of rent to proceed with a phased in approach.
Even if all you had to worry about were the quality of your company’s products or services and continued growth of its customer base, running a business would be challenging enough. No one can precisely predict what factors can impact the economy. Sometimes, they seem to come out of nowhere, as with the coronavirus outbreak, which in addition to its personal toll, has made companies of all sizes rethink their short- and long-term plans.