WeWork will retain a minority stake in its Chinese business after a group led by Trustbridge Partners invested $200 million as the coworking company seeks to reduce costs. WeWork will license its name for a fee, relinquish operational control and keep a board seat as part of majority-stake sale.
Members of the Senate Commerce Committee have introduced a bipartisan proposal that would require the Transportation Security Administration to take passengers' temperatures at security checkpoints. Airlines "continue to believe that temperature checks are a key measure in assuring the traveling public and airline employees that the federal government is prioritizing their safety and well-being," said Nicholas Calio, president and CEO of Airlines for America.
Ten Los Angeles chefs will each create one course for a two-night upscale drive-thru dinner next month at the Hollywood Palladium, where each car will have its own server. "This could be done in any city," chef Mei Lin says.
Eighth-grader Yash Naik built a website to help self-employed people and small-business owners connect with Paycheck Protection Program loans. Naik sought advice from local bankers and accountants in New London County, Conn., and has facilitated about $15,000 worth of loans.
A cyberattack can be a drain on revenue and harm a company's reputation, so it's important for entrepreneurs to be mindful of their cybersecurity practices, writes Neill Feather of SiteLock. He outlines common threats and how entrepreneurs can protect against them.
An uncertain job market may drive people to launch a business, and it can have an effect on the quality of the startup, says researcher Maria Roche. Although the research was conducted before the pandemic, it could foreshadow "long-term negative outcomes in terms of a venture's innovative and financial performance on average," Roche says.
A focus on customer convenience is essential for growth, and it requires a mindset "that actively anticipates the changing needs of your customers," writes Stephanie Burns. Convenient options can increase customer satisfaction and boost profits, she writes.
When pieces of a startup aren't working, founders are feeling burned out or growth is slowing, a pivot could be in order, writes Aimee Tariq, founder and CEO of A Life With Health, who offers examples of successful pivots. "Consider it not as a sign that you were previously failing, but rather, a new beginning in your business," she writes.
Gaining firsthand experience with a product she loved, Andreia Arruda worked as a "shakearista" before opening the doors to her own health shake business, Crossroads Nutrition. Arruda has plans for after coronavirus-related restrictions are lifted, including pop-up fitness classes and tables for dine-in seating.
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