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BusinessFlare Approach COVID-19 Investment Drivers

Investment Driver: Markets

The Economic Recovery Rests on Getting Consumers to Spend. It Won’t Be Easy.

An example of the BusinessFlare Approach, which recognizes that Markets are a key driver of investment for economic growth and redevelopment. Consumer demand is a key element driving business investment decisions related to expansion, contraction, reinvestment. Consumer demand drives especially influences the Land and Labor Drivers. Regulatory incentives won’t mean anything if the customers just aren’t coming back. Read more…

https://www.barrons.com/articles/the-economy-recovery-rests-on-getting-consumers-to-spend-it-wont-be-easy-51588380326?mod=article_signInButton

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BusinessFlare Approach COVID-19 Investment Drivers

Investment Driver: Land

Even Warren Buffett Wonders If People Will Return to Offices

An example of the BusinessFlare Approach, which recognizes that Land (real estate) is the key driver of investment for economic growth and redevelopment. It is a driver that cities can influence in multiple ways, as a regulator, as a facilitator of development and investment, and as a direct participant in the real estate market as a property owner and through public private partnerships.

What does the use of virtual tools such as Zoom and Microsoft Teams, combined with more acceptance of working from home, mean for office space in both our downtowns and the ‘burbs, and in turn, the overall real estate market and local government revenues.

https://www.wsj.com/articles/even-warren-buffett-wonders-if-people-will-return-to-offices-11588597506?mod=djem10point

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BusinessFlare Approach COVID-19

Investment Driver: Regulation

An example of the BusinessFlare Approach, which recognizes that regulation is the place where cities have the most influence on boosting (or killing) economic growth. Regulation is one of 5 drivers of investment, along with land, labor, capital and the markets. Good for Tampa!

City of Tampa will relax zoning rules to allow restaurants more outdoor seating

https://www.cltampa.com/news-views/local-news/article/21131708/city-of-tampa-will-relax-zoning-rules-to-allow-restaurants-more-outdoor-seating

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Entrepreneurship Gig Economy

Solopreneurship

Visit the link below to learn “What solopreneurs need to grow and protect their businesses in the 21st century economy.” Free Report: Solopreneurship and Thriving in the Gig Economy. From Entrepreneur Magazine.

https://www.entrepreneur.com/article/331635

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COVID-19 Starting Over

Where to Start…

Where to start when you have to start over?

Dixie Gillaspie wrote this piece for Entrepreneur Magazine back in 2015, and its even more relevant today, and consistent with what the BusinessFlare Academy is working toward helping those who find themselves in the unfortunate position of unemployment, but fortunately have a vision of their own.

“You never have to start over with nothing so long as you have yourself.”

That’s my standard response to anyone who asks me why I believe personal development trumps any other business or career investment. It’s why I read, it’s why I write, it’s why I work with mentors and it’s why I mentor others. Because every one of those activities builds my personal inventory. They may not make me money, in fact books and mentors usually cost me money, but they make me more valuable, which, in addition to making me more successful now, also makes starting over easier every time I do it.

Read more: https://www.entrepreneur.com/article/246968

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COVID-19 Starting Over

Starting Over… As An Entrepreneur

This is another article about “survival” entrepreneurs. I still have the print version of this special section from 2009 during the Great Recession when I was economic development director in Miami Beach. Starting a business is better than waiting in an unemployment line (or online), and the normal risk aversion is greatly diminished. This article is what also got me started planning on starting my own firm, which I did when I left city employment 3 years later.

I came across it not long after the COVID-19 pandemic drove us to wreck our own economy, and it is the inspiration to pivot the mission of the Academy to helping the recently unemployed that have entrepreneurial dreams.

https://www.wsj.com/articles/SB10001424052970204475004574127134005990974

Categories
COVID-19 Starting Over

On to Plan B

This, along with one from the Wall Street Journal is one of the articles from the Great Recession that is more relevant today.

On to Plan B: Starting a Business

When her job at Williams-Sonoma ended, Lisa Marie Grillos started a company with her brother, making bags to go on bicycles. She is one of the recession’s many “accidental entrepreneurs.”

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Coming Soon

Check back soon for our blog posts about micro-entrepreneurship and realistic local economic development.