June 24, 2021

Last year, companies across all industries scrambled to figure out how to continue doing business during the coronavirus pandemic. As time went on, subscription services proved to be dependable profit sources given that they required customers to provide regular payments every month. Subscriptions to streaming platforms like Netflix and Disney Plus skyrocketed in 2020 while many restaurants also found success with membership models. 

For instance, in early 2021 six eateries in the Washington, D.C., area joined forces to create Continue reading

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In 2018, the telecommunications conglomerate AT&T purchased the media company Time Warner for a whopping $85 billion. Along with placing the telecom giant in prime position to reshape the entertainment world, the enormous price tag associated with this deal also saddled AT&T with a huge amount of debt. The company hoped that streaming services like HBO Max would bring in new customers and revenue streams that would justify its massive investment.

Three years later, however, it appears that AT&T’s merger Continue reading

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January 21, 2021

At the start of the pandemic, fast food chains like Taco Bell suddenly had to close their dining rooms and serve all customers via drive-thrus. Many of these companies altered their menus to increase efficiency so that the lines of cars would move as quickly as possible. For instance, Taco Bell got rid of items like the Mexican Pizza and Nachos Supreme to reduce its packaging needs while also ditching all potato items so that it could keep its ingredients Continue reading

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October 20, 2020

Since its founding in 1998, Google has grown into one of the largest companies in history. Last year it earned more than $34 billion from search revenue, an enormous amount that analysts predict will grow to $42.5 billion by 2022. Google’s parent company Alphabet is valued at more than $1 trillion and holds $120 billion in cash reserves. The company’s name has even become synonymous with search as millions of people around the world “google” all sorts of information every Continue reading

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October 8, 2020

According to the Brookings Institution, more than 400,000 small businesses have closed during the pandemic while hundreds of thousands more remain at high risk of ceasing operations. But while many small companies have struggled, large corporations in the tech and telecommunications industries have never been better. In fact, experts fear that big companies like Amazon and AT&T could consolidate on an enormous scale over the next six months as they buy bankrupt businesses at fire sale prices.

Although corporations have Continue reading

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September 8, 2020

More than 15,000 restaurants have closed permanently since the start of the pandemic, and not all of them are small independent operations. NPC international, a major franchisee of Pizza Hut and Wendy’s locations, recently filed for bankruptcy protection as sales across all stores dropped 37 percent compared to the previous year. But while much of the restaurant industry has struggled, one chain has managed to thrive: Domino’s Pizza sales have increased by 16 percent since March. 

By focusing on Continue reading

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April 21, 2020

A few weeks ago, legislators approved a $2 trillion stimulus package that set aside $349 billion for small businesses that have drastically altered operations during the pandemic. After a poor rollout left many companies unable to petition for relief, however, the fund dried up last weekend with thousands of businesses still in need of loans. What’s more, among the companies that received relief included major chains with thousands of employees and numerous locations across the country.

For example, the Continue reading

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April 7, 2020

The ongoing coronavirus pandemic has caused countless restaurants and stores across the country to alter their services or close entirely, some for as long as a month so far. This stretch of downtime has been devastating for many small businesses that usually get by on week-to-week sales. At Old Town Pizza & Brewing in Portland, Oregon, owner Adam Milne had to lay off two-thirds of his staff as the brewpub transitioned into carry-out only service. In the process he racked Continue reading

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February 27, 2020

On Tuesday, Disney CEO Bob Iger surprised the business world by announcing that he would immediately step down from the top job. After 15 years in charge of the entertainment giant, Iger passed the reins to a company veteran named Bob Chapek who had been overseeing Disney’s theme parks division. Although the news caught many observers off-guard, Iger insists that this plan has been in the works for some time. “It’s only abrupt in other people’s eyes because we haven’t Continue reading

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February 25, 2020

Since 1978, Bob’s Red Mill has made high quality whole-grain products that are staples of upscale grocery stores across the country. The California company generated more than $50 million in sales in 2018 and employs nearly 600 people. Although staffers at Bob’s Red Mill enjoy wide-ranging benefits including profit sharing, their stake in the company got even bigger at a recent birthday party for founder Bob Moore.

During a speech in front of many employees, the 91-year-old entrepreneur announced that Continue reading

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