94 Best Small Business Ideas for 2020

Starting up a business can be very intimidating, especially if you’re not financially stable and able to create, stabilize, and maintain the kind of company you vision yourself being a leader of. At Finimpact, we tackle problems like this every day, and we answer numerous questions from people that are starting up small and mid-sized businesses, too. Some developing professionals come to us not knowing what they really want to do with their business ideas, and that’s okay.

Because many of our customers are indecisive or unsure of where they want to take their business, we’ve decided to take the initiative to create a list of potential businesses to consider for the upcoming year (2020). But before we get into that, we’d like to ask you a few questions to jump-start your thought processes.

Questions to ask yourself before starting a small or mid-sized business:

  • What does your career path look like right now?
  • Are you happy?
  • Do you yearn for a change?
  • What kind of change?
  • Are you a part of something you’re proud of, or would you like to put your personality and skills into a business that could be all your own one day?
  • Are you scared?
  • Are you more comfortable hesitating than moving forward with your personal career goals?
  • Have you ever thought of becoming a business leader?
  • Would you ever want to run your own show?
  • Would you be okay going out of your comfort zone to create and establish something that could be great?

What did the answers to all of these questions look like?

What our main goal here is to get you thinking about your future. Once you have some of these questions answered, you’ll be able to move forward and read our list of business ideas for 2020. Then, it’s your job to narrow in on your new career field and move towards a job change that’s right for you.

Below you’ll find a list of business ideas for 2020 and especially those that you can launch during the Covis-19 period but do not for a second think that we’ve listed them all. Who knows your next venture might come to you after you’ve digested our ideas. Remember, oftentimes, collaboration sparks innovation. Your next startup is right around the corner.

Startups and companies are not always attainable because of financial restraints and lack of monetary resources. Keep in mind, we do know financing a business is super difficult. If you find yourself stuck, slowly progressing, or still need more information, check out our FREE guide here. Before moving onto your next startup, please don’t be afraid to get a loan right away if you’re absolutely certain of what you want your business to be. Claim your turf before someone else does.

COVID-19 Business Ideas

For Covid-19 business ideas, target a business that you could start with little or no capital and let it be one that can be done online so as to curb the lockdown restrictions.

Online Consultancy 

If you are transitioning from formal employment and you have any skills that could be passed on to other people, an online consultancy firm is the cheapest business that you could set up. You could use platforms that you already have; like Facebook or Twitter or open a Youtube page before you get money to set up our own website.

You could offer counseling sessions, cooking classes, music lessons. The possibilities are endless.

Delivery services 

During this season, most people are afraid of leaving their homes to go shopping. As such you could offer grocery shopping and delivering services. To get more customers, you could focus on pharmaceuticals and alcoholic drinks. For this business, you could use your social media accounts to market your services or you could develop an app where people can get your services

Graphic Designer 

Graphic design is very competitive in today’s world; however, everyone that is a graphic designer has their own twist to the show that they run. If you do plan to take this idea into account, use marketing as your kill tactic. Get your name out there and make it as flashy as you can.

The best thing about this business is that you can offer this service from the comfort of your home and you require almost no capital to launch it.

Online Game 

With half the world indoors, most people are finding solace in online games. Believe it or not, a lot of the big game creators are not big until they’re discovered – and discovery usually only happens when you create a successful game and get tons of downloads after you release it. Start working on your gaming ideas, and if you have one that seems to be successful, develop it, release it, and see where it takes you. The big companies could be signing soon enough.

Podcasting 

Podcasting does have a rough starting point, and you will have a hard time finding funding in the beginning, to keep it going. Nobody really ever notices that until they’re already in it. But if you develop a good following over a short amount of time, you’ll be in the clear; then, you’ll be able to sell advertising, and your revenue will build from there.

Online Tutoring 

This business is turning to be a goldmine with children at home, you could offer online classes. Technically, you don’t have to be the most qualified person in the world to tutor people on a subject. In fact, all you need is to know the basics of one particular area, and you can sign up to become a tutor for that subject and that age group. It’s pretty easy money!

Life Coaching 

We know what you’re thinking, why would someone want to be a life coach and why would someone need a life coach? You can’t technically coach life. Well, you’re wrong if you think that. There are so many opportunities and areas of life that are confusing to people, that having a coach by their side isn’t such a bad idea. During this pandemic, you could turn into your full time hustle

Nutritionist Consultant 

Nutrition is a lot more popular today than it ever has been, to tell you the truth. People worry and fear that they’re putting the wrong foods and beverages into their bodies, especially now with the imminent threat of a fasting killing disease and they need someone to correct their choices for them (especially if they aren’t as healthy as they wish they could be). Nutritionist consultants are the pros at work – they know everything when it comes to the right foods to eat and the right fluids to drink. If you’re passionate about it, why not give this business a go?

Social Media Influencer 

Anyone with a large follower base can become a social media influencer – with so many people watching your every move, you’re bound to find someone (or a group of someone’s) to listen to what you have to say. And, nine times out of ten, your listeners will follow in your footsteps, so try your best to set a good example.

Virtual Assistant 

Virtual assistants are needed in a lot more businesses than you’d think. And the best part about working as one is that you can work remotely from home and you can make your own hours on any given week.

Internet Marketing Specialist 

Can you navigate the web quickly and efficiently? If so, you may be a specialist in the marketing industry internet-wise, or at least you’re a specialist in the making. Look into the details of internet marketing and see if the bill fits you – if so, there are tons of agencies looking for people like you to hire right now, and you can totally be a freelance specialist running your own show.

Car Associated Business Ideas

Rideshare Driver

This is where companies like Uber and Lyft come in. You may not be as successful if you try to start your own rideshare driving service, but you can definitely get a group of people together and ‘lead’ them in the ridesharing business. Then again, you can do anything you set your mind to.

Snowplow Services

If you currently live in New England, or another area of the world that frequently sees snow, you might want to consider cashing in on the awful weather patterns. Snowplow services are a great way to take the lead during the winter months. Sure, many independent freelance drivers will hit the road and get paid house by house; but what if you created a service geared towards snowplowing? You could make a good living during those months off a high hourly wage.

Used Car Leasing

New car leasing has been a thing for quite some time now, but has anyone thought about starting a used car leasing business? The rates would be much more affordable, and people wouldn’t be as worried about constantly getting a new car every 3 to 5 years.

Creative Business Ideas

eBay Selling

eBay selling can be a super easy and convenient way to sell your crafts, handmade jewelry, and other small trinkets. If you know how to create fun little pieces that people would enjoy looking at, head over to eBay, make an account, and start making money!

Floral Shop

Florists don’t seem to be going out of style just yet, especially considering they’re in high demand for weddings, special events, and funeral services. We do have one bit of advice you should take, though: If you’re looking to open a florist shop, put it in a high demand area, not in a part of town that’s tucked away where no one can see. Make it known that you’re open for business.

Furniture Making

Most woodworking careers start in the garage or basement, but that’s not a bad thing. At first, you’ll be working approximately 10 hours a week, likely on the weekends, but if you know what you’re doing and you’re crafting handmade, quality furniture, this gig may become a fulltime job in no time.

Graphic Designer

Graphic design is very competitive in today’s day; however, everyone that is a graphic designer has their own twist to the show that they run. If you do plan to take this idea into account, use marketing as your kill tactic. Get your name out there and make it as flashy as you can.

Online Game

Believe it or not, a lot of the big game creators are not big until they’re discovered – and discover usually only happens when you create a successful game and get tons of downloads after you release it. Start working on your gaming ideas, and if you have one that seems to be successful, develop it, release it, and see where it takes you. The big companies could be signing soon enough.

Podcasting

Podcasting does have a rough starting point, and you will have a hard time finding funding in the beginning, to keep it going. Nobody really ever notices that until they’re already in it. But if you develop a good following over a short amount of time, you’ll be in the clear; then, you’ll be able to sell advertising, and your revenue will build from there.

Scrapbooking

This type of business is based solely on creativity. Because it’s technically a hobby, you can find different routes to bring in revenue – either by selling supplies or by teaching prospective scrapbookers how to do a good job with their projects.

Handmade Business

It used to be that handmade items could only be found at flea markets and novelty shops. Now these handmade titans are choosing to become online craft renders. If you’re good with your hands and have a knack for handmade items, this just may be the best route to take.

Line Holder Business

Believe it or not, people in long lines, usually do not have a problem paying a few bucks to have someone stand in line for them. The best way to do this is to get a few T-shirts, a reliable crew and special events or release calendar. Go to places where you know long lines exist. Once you get close to the user’s destination, give them a simple text message and have them return to their spot. Low overhead with great potential

Dog & Kid Business Ideas

Daycare Service

If you want to see your business almost 100% successful, start up a daycare service – people are having kids left and right, and they want to continue to work, so where else are the children supposed to go during the day? A daycare! You do need to constantly keep up with mandatory safety and licensing terms and conditions, so be aware that there will be a lot of legalities on the line here.

Dog Walking Service

Dogs need to be walked, every single day. And when dog owners aren’t around or home all the time to do the job, they need to hire a dog walker. It sounds easy, but honestly, once you get your name out there, you’d be surprised at how many clients will reach out to you in need of your services.

Pet Grooming

Location is key with this business – just like it was with the floral shop. You need to be seen in order to be successful. However, the type of pet grooming service you offer can definitely vary. We suggest leaning towards a storefront one, or an at-home visit one. Either or will do the trick.

Pet Sitting

If you enjoy being around animals, this is the business start-up you’re looking for! You get to spend time with the pets, feed them, walk them if necessary, and play with them. It’s honestly a fun gig, and you don’t have to deal with the public (besides the pets’ owners, of course).

Fashion Business Ideas

Alterations/Seamstress

This may start out as a part-time thing, but the gig may become fulltime in no time. Start by telling your friends and family about your business startup and ask them to spread the word. And, a word of advice? Always provide estimates on how long the alteration will take and factor in the supplies you’ll need to use so that you don’t cut yourself short on cash.

Clothing Boutique

If you’ve never done it before, this can be a challenging idea to move forward with. Remember, foot traffic is key – if you don’t have a lot of people entering your store, you’re not going to have a steady income. Also, if things in the boutique aren’t necessarily selling, markdown your prices to get rid of them and make room for newer, better items

Jewelry/Clock/Watch Repair

It may not be the biggest business on the market, but places like this need to be more easily accessible. Tons of shops that repair jewelry, clocks, and watches are shipping these goods around the world after they’ve been fixed – mainly because shops like this don’t exist anymore. It wouldn’t kill the world to place a few more of these here and there.

Trend Analyst

Have an eye for fashion? Do you feel analytical and enjoy pattern spotting? Becoming a trend analyst can be a great way to help industries spot their next move while giving you enjoyable patterns to spot and puzzle to solve.

Food & Beverage Business Ideas

Bakery

Starting up a bakery can be a bit challenging – but that’s why you need to go out and gather your customers by approaching other businesses, restaurants, stores, and caterers. Try and pick up customers that will need you to make baked goods on a regular or semi-regular basis.

Coffee Bar/Tea Salon

Places that serve coffee and tea, like Dunkin Donuts and Starbucks, have a huge client base that they serve daily. However, a lot of people would rather go to a ‘mom and pop shop,’ per say, than a chain breakfast joint. The main reason behind this is due to the fact that the coffee and tea offered in independent shops are tastier and of higher quality.

Food Delivery Service

Uber Eats and Diner Dash are taking off and they were only released recently. You can start your own food delivery service, too, and develop an application to go along with it if you find it fitting. Your food delivery service can cover fast food delivery, restaurant delivery, or grocery delivery – sometimes services offer all of the above!

Ice Cream Shop

Don’t go too crazy with your ice cream mashups and recipes in the beginning – start simple and work your way up. Make sure to put the place in an easy-to-spot area so that you get a great customer base right from the start. Once revenue is consistent, you can make the necessary adjustments to grow your business.

Meal Preparation Service

If you’re on a strict time schedule due to work, or you’re not so capable of cooking meals every night of the week, a meal preparation service is a right company to lean on to get great meals to eat. This area of business is growing, and if you want in on the action, you might want to jump in before it’s too late and there are too many around.

Sandwich Shop

Sandwich shops can be found almost anywhere, but you can create a shop that focuses on delicious concoctions! A unique sandwich shop startup will provide you success, trust us on this. Try your best to secure a location that’s near a busy office; the more people around your shop, the hungrier people will be at lunchtime.

Smoothies

You don’t need a huge place to rent for a smoothie shop – you just need amazing smoothie recipes to draw people in. Think about it this way: A small shop with a great product will have people coming back, but a large shop with no diversity in the smoothies will keep people away.

Weight Loss Center

People can go online to research weight loss recipes and exercises, but that doesn’t always mean that the people who do that are going to be completely committed. Studies can’t prove it, but for some reason, men and women stick to weight loss programs more so when they have to physically go in person to talk to someone and sign up for a program. Try it out.

Free Time Business Ideas

Apartment Building Owner

You don’t have to quit your job to be a part of this business – in fact, almost % of apartment building owners still have fulltime jobs. It’s just a little extra income to help with your bills and leisure life. Start looking into real estate with a trusted agent today.

Non-Profit

If you’re looking to run a non-profit, you have to keep one thing in mind: Your business will run off donations from wealthier companies. You can’t ask people to pay for your services, or else your classification will not be valid.

Future Help Business Ideas

Career Counseling

Not everyone sticks with the same career for the rest of their lives, and when they do switch over to something else, they highly consider getting someone to help them figure out what it is they want to do. A counselor and professional in the career department can help with this. So, if you know your careers inside and out, and you can help guide someone in the right direction for their future, try counseling.

Financial Aid Consultant

College costs students an arm and a leg – quite literally. But if a financial aid consultant is available, students will have the opportunity to squeeze their dues down to hardly anything. Consultants will help with paperwork, scholarships, and grant programs, all at the same time. If you become a financial aid consultant, a ton of young men and women will thank you forever.

Home Tutoring

Technically, you don’t have to be the most qualified person in the world to tutor people on a subject. In fact, all you need is to know the basics of one particular area, and you can sign up to become a tutor for that subject and that age group. It’s pretty easy money!

Life Coaching

We know what you’re thinking, why would someone want to be a life coach and why would someone need a life coach? You can’t technically coach life. Well, you’re wrong if you think that. There are so many opportunities and areas of life that are confusing to people, that having a coach by their side isn’t such a bad idea. Plus, it’s a part-time job; you can still have a fulltime job along with it.

Motivational Speaker

If you choose to go to the motivational speaking field, you can choose practically anything to motivate people. You can range from work motivation to sports motivation, and writing motivation to family motivation. That’s just four options out of hundreds and hundreds. Pick a topic and focus on it.

Nutritionist Consultant

Nutrition is a lot more popular today than it ever has been, to tell you the truth. People worry and fear that they’re putting the wrong foods and beverages into their bodies, and they need someone to correct their choices for them (especially if they aren’t as healthy as they wish they could be). Nutritionist consultants are the pros at work – they know everything when it comes to the right foods to eat and the right fluids to drink. If you’re passionate about it, why not give this business a go?

Social Media Influencer

Anyone with a large follower basis can become a social media influencer – with so many people watching your every move, you’re bound to find someone (or a group of someone’s) to listen to what you have to say. And, nine times out of ten, your listeners will follow in your footsteps, so try your best to set a good example.

Speaking/Presentation Coaching

A lot of people crack under pressure when they have to do a public speech or presentation in front of a large group of people. That’s what coaches are for! If you genuinely enjoy public speaking, you’re probably a natural at it. That means that training others using your mechanisms is probably a good idea – we think you should look into it.

Temporary Employment Agency

If someone’s looking for a little bit of extra work, or if they have no job and need something for the time being until they find a job in their career field, they’ll likely come to an agency like this one. And, not many agencies like this exist anymore, so opening one may house great future benefits.

Test Prep Coach

The SATS and similar tests are a pain in the butt to train for. Really, you need to train for them, because most of the questions on the exam are not general questions that you would know the answer to in an instant. Test prep coaches help you out with this, and if you’re looking to be this kind of coach, we guarantee students will be thanking you (just like they thank the financial aid consultants).

Home Improvement Business Ideas

Demolition/Construction Contractor

The world of construction continues to grow, and it doesn’t look like it’ll be stopping any time soon. This means, that the world of demolition won’t be coming to a stop any time soon, either. Where there’s construction, there needs to be knock-downs. Maybe not always, but a lot of the time, this is true.

House Cleaning

Some people are lazy (that might be you, that might be us). Or, some people may own a home that’s way too big for one person to clean. That’s where house cleaning businesses come in. Most of the time, they start as a one-man or one-woman operation, but in due time, they have the potential to grow far and wide.

Interior Decorating

Interior decorating and interior design is growing, and fast. People want luxe and sophistication in their homes, but pairing colors and fabrics with the right furniture and wall paintings don’t necessarily come easy to homeowners. That’s where interior decorators come in, and boy, they are good and their job.

Landscaping

Once again, yards are hard to maintain, and people with too big of a yard just don’t want to put up with the hassle. Trimming the edges and placing the rocks and stones so that they show off the house is a difficult task to get down pact. But that’s where landscapers come in.

Yard Sales

Are you looking to make a quick buck? Start purging your household and put up signs around the neighborhood and on the internet stating that you’re about to have a yard sale. It’s easy for some quick cash and you can get rid of stuff, even if it is at a low cost (it’s better than nothing!).

Passionate Business Ideas

Dance Instructor

We have freedom of speech, freedom of religion, and a ton of other freedoms in the U.S. – but wouldn’t it be cool if we had freedom of dance? Well, technically we do, but without a dance instructor to show us the ropes, how are we to know how creative we can get? Dance instructors influence people to be passionate about the way their bodies move, and we’d say that’s a good thing.

Massage Therapist

If you enjoy making people feel good – and you enjoy working out kinks in peoples’ muscles – maybe massage therapy is the right niche for you. It does a number on your hands and wrists, but that’s when you ask one of your trusted workers to help you out with massage of your own; have faith – a business like this is definitely going to grow.

Photography

Do you enjoy taking photographs of nature, people, or historical features? If you do, please don’t only see it as one thing: A hobby. You can make a career out of it, especially if you’re talented. Startup your business, reach out to companies, people who are doing photoshoots, and wedding venues to see if you have a place in their endeavors.

Office Business Ideas

Bookkeeping

Bookkeeping is a lot more important than one would think. You see, there’s the business owner or manager that runs the show, then there are the employees who help keep everything running smoothly with product production, etc. But who keeps track of the finances, pays the bills, and sends out the invoices? The bookkeeper. Without him or her, the business could quite literally fall to the ground due to missed payments.

Virtual Assistant

Virtual assistants are needed in a lot more businesses than you’d think. And the best part about working as one is that you can work remotely from home and you can make your own hours on any given week.

Human Resources Service

Big businesses are the only ones that have an HR department. That means that the small businesses that are out there will not hire one person specifically to come in and be their HR department – unless it’s only for a couple of days per week. You can make a good living off of this business idea, especially if you’re willing to network well and approach small businesses to tell them about what you offer as a single agent.

Notary

Having a fee different licenses under your belt never hurts. Notaries typically receive a small service fee for notarizing documents that range from private car sales to legal contracts. Having this skill can land you some part-time gigs.

Quality Assurance

Are you a perfectionist? Whether in person or remotely, quality assurance agents are growing in demand, especially for remote purposes. With so many online projects starting and ending, having a reliable and attentive QA can be dire to project success. This can range from checking website links, task management, and other duties.

Organizational Business Ideas

Catering Service

People don’t want to set up food platters and dishes for their weddings, anniversary parties, and birthday parties. They’d rather pay someone else to get the job done for them, and that’s where a great catering service comes in handy. As long as you have a dedicated staff behind you, nearly nothing can go wrong.

Events’ Coordinator/Party Planner

Technically speaking, this type of business is only needed in events such as weddings, concerts, balls, etc. But without a man or woman working this job, the entire event would likely crash and burn, and that’s not a fun party to attend now, is it?

Fundraising Firm

Men and women that are trying to raise money for a particular cause can’t always get the job done the right way. Sure, they can reach out to friends and family members to ask for fundraising donations, but if they haven’t hit their target after spreading the news through word of mouth, they’re going to need a little nudge in the right direction – and that’s where fundraising firms can do their job.

Personal Shopping Service

These services and stylists alike are starting to gain a more favorable and reputable reputation. In fact, many wealthy men and women don’t do their own shopping anymore, they leave it to the pros. And, with online sites such as Stitch Fix, who wouldn’t want to open up their own personal shopping service to one-up competitors?

Professional Organizer

Believe it or not, it is a job and it will become growingly popular in 2020. Personal organizers will go into your home and office and make sure everything is neat and put away in the proper, appropriate place. If you need labels on things, they’ll do that, too. If you’re a very organized person, you might want to check into starting a business like this.

Storage Service

Realistically speaking, if you run a storage service, all you have to do is deal with the customers paying and paying on time. They put the things they own into their storage areas and you just make sure the units are secure so that no one breaks in. It’s a pretty simple business.

Promotions & Marketing Business Ideas

Advertising Agency

It’s not easy to get this kind of business up and running on your own, so we recommend partnering up with someone (or at least hiring workers to help lessen the workload on your back). In the beginning, it may be slow, but the more people you have on board, the more mouths you have to send out to talk to people and get sales.

Content Marketing 

Content is a sure and proven way to market your business – without content, how would you tell people about who you are and what you’re doing? If you’re good at writing and focusing in on details, content marketing may be something you should put your interests into in 2020.

Internet Marketing Specialist 

Can you navigate the web quickly and efficiently? If so, you may be a specialist in the marketing industry internet-wise, or at least you’re a specialist in the making. Look into the details of internet marketing and see if the bill fits you – if so, there are tons of agencies looking for people like you to hire right now, and you can totally be a freelance specialist running your own show.

Local Marketing Service

Marketing companies aren’t located in everyone’s backyard; that means it’s not the easiest thing in the world to find a good marketing team or freelancer to help your industry grow. If you want to, we suggest opening a single man marketing service in a busy area. That way, you can branch out to businesses and tell them that you’re local and ready to visit onsite whenever need be. That will make you more credible in their eyes.

Sales Trainer

Not everyone is natural at explaining, making, and closing sales. It’s a tricky task and it takes a lot of time and effort to perfect it. But that’s what sales trainers are made to do – help you understand how to go about making a sale with a potential client. If you’re a sales guru, teach others what you already know and better the sales community for it.

Real Estate Business Ideas

Commercial Real Estate Broker

Commercial sales may be harder than residential sales, or they may be easier, it depends on the person. Whatever the case may be, 2020 is seeing a rise in commercial real estate sales. Take your classes, ask questions at your local real estate office, and see if it’s something you’d be interested in pursuing for the next couple of years.

Shipping & Delivery Business Ideas

Dropship Business

You do the creating, someone else does the shipping. Once it leaves your office, building, or location, it’s not your responsibility any longer. This works well for items of all sizes, so you can be a maker of fine furniture, or you can create small trinkets – the options are endless.

Hauling/Moving Service

This type of company will likely never go out of business – so it’s a good idea to get involved whenever the opportunity arises. Think about it, not everyone has the money to purchase a large van just to move furniture from one home to the next, for example. Instead, they’ll rent a hauling or moving service and have them take care of it, without having to worry, as homeowners, that something will go horribly wrong.

Sports Business Ideas

Bicycle Rentals

People are becoming more active by the day, and bicycle rentals are helping the situation out even more than we thought they would. Think about it, when was the last time you saw bike rack rental on the side of the road? They’re everywhere! Especially in popular cities around the world. Hopping on this bandwagon wouldn’t be a bad idea.

Outdoor Adventures

This goes hand-in-hand with the concept of people are becoming more and more active by the day; they want more things to do outdoors. You can set up your own snowboarding/skiing lodge if you live in the cold mountains. You can set up your own canoeing or fishing lake if you live somewhere with nice weather. The limits are endless; think outside of the box.

Personal Trainer

You can be a part of a team or you can manage your own team business in 2020 – the choice is ultimately yours. People want their bodies to look good, and not just for the summer months anymore. That’s why they hire a trained professional to get them into shape, and you could be that person to them in the near future.

Sports Equipment Sales/Service

Dicks isn’t the only place that men and women can go to for sports equipment. There are plenty of shops owned by a one-man team, and they carry state of the art equipment, too. You could be next in line to start your sports equipment business, just make sure the space you rent has enough room to fit all the supplies you’re looking to house.

Sports Coaching/Training

Sports coaches don’t only exist in middle schools, high schools, and colleges. You can personally hire one to work with you, your son, or your daughter. Training programs are offered, too. If you think you can work with an individual one-on-one to train them in a specific sport, look into getting certified and start your journey ASAP.

Yoga Classes

A lot of ladies are taking classes, going through training, and getting certified in yoga to help everyone else. Yoga is great for the body, it’s great for reducing stress, and it’s great for stretching out muscles. If you want to be in the sports field but you also want to help improve peoples’ health, this is the right business choice for 2020.

Technological Business Ideas

App Creator 

It’s a little bit more complicated than it sounds, but the outcomes are totally worth it. How many apps are out there that are successful? Millions. Among the top that are favored are Facebook, Instagram, Snapchat, and Twitter, of course. But that doesn’t mean that the game apps, the social media apps, the dating apps, the organizational apps, etc. aren’t as popular. Create one and see how far it takes you.

Drone Business

Who would’ve thought that drones could have their own business? Well, not drones, but people that build, fix, and operate them. Drones are becoming increasingly popular, and soon enough, they’ll be used to deliver products, amongst other things. This is why positioning yourself in a drone specific business would be a great idea – get ahead of the trend before it starts up.

IT Consulting 

Not many people know as much about IT as you’d think. This means IT consultants are highly valuable in today’s day and age. And many current businesses lack knowledge of IT and the IT department. Starting your own consultant business to help walk professionals through this process would be a clever thing to do.

Personal Computer Training

Not all companies will need to hire a trainee such as this. However, there are still a lot of people in the world that are not computer savvy, which means that if you start up a computer training program, you may get a lot more business than you aspired to have. Just branch out and get your name out there – customers in need are bound to reach out.

Smartphone Repair

Smartphones break day in and day out, especially the screens. This is a business that you won’t regret signing up to be a part of. Just don’t overcharge your customers, because you will lose prospective clients if you choose to do this.

Social Media Specialist 

If you know how to work every angle of the social media world, signing up to be a social media specialist probably wouldn’t be such a bad idea. Try it out and see if you can make a real business out of it – what do you have to lose?

Website Developer 

Website developers are always freelancers that show up on-site when requested. If this sounds like something you could comfortably do, and you have the skills that someone creating a website has, you’re aiming for the right career field here.

Vice Business Ideas

Bartending Service

If you’re passionate about bartending, but you’re sick of dealing with drunks all the time, it’s time to pass your teachings and lessons on to other prospective candidates. Take a few classes, get the certifications, and start spreading the word. People will show up to your classes in the blink of an eye if you have a good reputation with your bartending resume.

Craft Beer Pub

The first step is to make your own beer. The second step is to rent out a place and start selling that beer. We’ll be honest, it is a little bit more challenging than it sounds, but the business all around is super fun, and you can get creative with your brewing recipes.

Winery

Growing grapes may be a tough job, but if you do grow them the right way, you’ll have delicious wine and wine recipes that you can pass down to generations to come. Owning a winery is not only fun, but it’s a beautiful experience. You won’t put this in the regret pile.

Web/Internet Business Ideas

These Web/ Internet-based business ideas are good business ideas that you could start during the pandemic since they have the potential to reach a large clientele base at a very low cost.

E-commerce Businesses 

E-commerce businesses can be a tricky division to throw yourself in, especially in the beginning. However, it is still an option! Make sure you can continue to produce consistent revenue to keep your business running and be certain that you can keep repeat customers; if you can do that, e-commerce may be worth considering.

eBook Publishing 

eBook’s are gaining popularity, more so than regular reading books are right now. And, a lot of written eBooks are only available electronically, as their name suggests, meaning you can’t find them in stores as a physical copy. The world is transitioning technologically; why not go with the flow and start-up an eBook publishing company if you’re good at what you do?

Fashion Blog 

If you eat, sleep, and breathe fashion, you’re probably a great candidate to start your own fashion blog. Don’t worry, after a short period of time, if you’re that good, you’ll be able to sponsor and start up your own advertisements to begin bringing in revenue.

Freelance Writer 

If you want to start up a business where you can work from the comfort of your own home, freelance writing is probably the perfect way to go. You can pick and choose the topics you research and write about and you can make your own schedule. One week you can work like crazy, and the next you can take some time off – as long as you’re making the money you need to live.

Grants Proposal Writer 

Not many people are interested in performing this job, so if you are willing to work in this sort of business, just know right away that you can most likely charge your clients more money to get jobs done. It is tedious and does get boring at times, so take that into consideration before diving headfirst in.

Product Reviewer 

Buy the products, wait for them to come in the mail, use them, then review them. The process is simple, and you get paid for it. It’s an easy side gig, but we wouldn’t recommend making it a full-time job.

Resume Writing 

When you’re talking about yourself, and talking yourself up, it’s extremely hard to do a great job. That’s why people often hire others to write their resumes for them. If you can take a person’s past job history, personality traits, and basic information and whirl it into something spectacular that employers will enjoy looking at, this is a field you should highly consider being a part of.

SEO Specialist 

Search engine optimization – it’s an up and coming thing (that is, if it’s not already here full force). To be successful on the internet, businesses need to have SEO optimized content on their sites, and who better to get the job done than an SEO specialist?

Programmer 

Whether its web development or app creation, programming is in an area of its own. There is a multitude of programming languages that range from HTML & Java to RubyOnRails & Python. These remote positions allow you to set up a digital storefront to advertise your programming abilities, so you can freelance program part-time. Sometimes, you’ll come across projects that will challenge your passion and knowledge of your expertise. Up for a challenge?

Website Tester 

There are a lot of companies that would rather have your opinion over their marketers, why? Mainly because they are targeting people like you and need opinion in order to make your experiences better. Being a Website User Experience Tester usually requires a microphone, pc, and a high-speed connection. Do you have a loud opinion and don’t mind sharing it while you navigate a site?

Call Center (remote) 

Remote positions are popping up daily and there are no shortages for the need of call center specialist. Multi-lingual people will have a higher chance of landing these roles. Some positions will send phone equipment and require you have reliable high-speed internet.

Summary

Make sure you take some time to go over all the business ideas that are presented in this article so that you know for certain what career path you want to take into your future. Bottom line is, we have your back, even when the business startups are hard to get through.

COLUMN BY

Brandon Mitchell

Brandon Mitchell is an online entrepreneur that helps other homepreneurs increase their earning potentials through business education. He holds a Bachelors in Business Administration & Biochemistry.

©Finimpact. All rights reserved.

VIDEO: President Trump Presided Over the Largest Manufacturing Boom in a First Term Since the 1970s

But many of America’s unions are supporting Joe Biden, who would gift American manufacturing to China and Mexico. The choice could not be clearer on November 3rd. Vote for President Trump.

The American worker is being betrayed by criminal Union leadership who have endorsed Biden.

Revealed: President Trump Presided Over the Largest Manufacturing Boom in a First Term Since the 1970s

By Breitbart, October 24, 2020

The following is an excerpt from 50 Things They Don’t Want You to Know About Trump, the new book by Breitbart News Entertainment Editor Jerome Hudson.

50 Things They Don’t Want You to Know About Trump is due out October 27 and available for purchase here. The excerpt is from pages 254-258.

President Donald Trump constantly committed to reviving American industry during his 2016 presidential campaign, promising that he’d bring back jobs that the country lost due to unfair trade deals. His loud appeals to blue-collar laborers went a long way toward putting him in the White House, even though they garnered ceaseless skepticism from the establishment media, mainstream economists, and his predecessor.

New York Times columnist Paul Krugman said weeks after Trump’s election that the president would never bring back lost manufacturing jobs. Krugman declared that “nothing policy can do will bring back those lost jobs. The service sector is the future of work; but nobody wants to hear it.” At a PBS town hall in June 2016, former President Barack Obama poured cold water on Trump’s promise to restore a manufacturing jobs sector that’d been slowly picked apart for decades. Obama contended that decades of America’s diminished dominance in manufacturing was proof of a larger global trend. “Well, how exactly are you going to do that?” Obama asked rhetorically. “What exactly are you going to do? There’s no answer to it. He just says, ‘Well, I’m going to negotiate a better deal.’ Well, what, how exactly are you going to negotiate that? What magic wand do you have? And usually the answer is, he doesn’t have an answer.” It was Barack Obama who oversaw a stagnant and declining manufacturing sector during his eight years in office. According to the U.S. Bureau of Labor Statistics (BLS), Obama’s economy produced less than 100,000 manufacturing jobs across the nation during his last two years in office. In contrast to Obama, manufacturing jobs started soaring shortly after Trump assumed office in January 2017.

Since the Trump Administration’s red-tape–cutting policies and the tax cut and reform law passed in December 2017, manufacturers added 467,000 jobs, more than six times the 73,000 manufacturing jobs added in Obama’s last two years.

Looking at Trump’s first two years, the revised BLS data shows that more than two manufacturing jobs were added for every one job added in government at the federal, state, and local level. In contrast, under Obama, almost five government jobs were added for every one manufacturing job.

Since President Trump took office in January 2017, employment in manufacturing has increased 3.7 percent. Over the same period during the last two years under President Obama, manufacturing payrolls grew by only 0.6 percent.

Justin Haskins, the editorial director and a research fellow at the Heartland Institute, noted in an op-ed in The Hill in January 2020 that Democratic lawmakers fundamentally misunderstand job creation. Instead, Haskins argues that what’s necessary for the economy to flourish is to allow business owners to operate with minimal government interference.

“What Obama and others in the Democratic Party didn’t understand—and judging by the rhetoric coming from the current batch of presidential candidates, still don’t understand—is that you don’t need a magic wand to grow the economy,” Haskins wrote. “All that is required are policies that give individuals and businesses more power to operate freely and that limit efforts by inept, greedy government bureaucrats in Washington to meddle and manipulate markets they don’t fully understand.”

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EDITORS NOTE: This Geller Report column is republished with permission. ©All rights reserved.

New Stanford Study Suggests Biden’s Agenda Will Have 4 Devastating Economic Consequences

Sympathetic media outlets have repeatedly asserted that Democratic presidential nominee Joe Biden’s tax agenda would only hurt the wealthy. But a new study shows that Biden’s tax and regulatory agenda could seriously hurt the economy overall.

Four economists from Stanford University’s Hoover Institution analyzed Biden’s proposals to increase taxes, reinstate and expand a host of regulations, and create new subsidies for healthcare and renewable energy. The study concludes that these interventions would distort labor incentives, decrease productivity, and kill jobs.

As a result, the experts project that the policy agenda would, by 2030, lead to 4.9 million fewer jobs and the economy shrinking by $2.6 trillion. So, too, the study projects that consumption would be $1.5 trillion lower in 2030 and families would see a $6,500 drop in median household income compared to a neutral scenario.

“The risk from Joe Biden’s policies isn’t that they will send the economy reeling right away,” the Wall Street Journal editorial board concluded in its analysis of the study. “The problem is that they will have a long-term corrosive impact by raising the cost of capital, reducing the incentive to work and invest, and reducing productivity across the economy. Americans will pay the price in a lower standard of living than they otherwise would—and that they deserve.”

It’s crucial to understand not just what Biden’s government-heavy agenda would do to the economy, but why.

Tax hikes hurt the economy because they reduce incentives to work and produce.

“Taxing profits is tantamount to taxing success,” famed free-market economist Ludwig Von Mises once wrote. “Progressive taxation of income and profits means that precisely those parts of the income which people would have saved and invested are taxed away.”

Biden has promised to raise the corporate tax to 28 percent. Higher corporate taxes means less money available for investment, expansion, and new hiring—“taxing success,” as Mises wisely dubbed it. This means fewer jobs and lower wages for workers, as well as fewer offerings (especially of innovative new products) and lower quality for consumers.

This is why, while corporate tax hikes might sound like something that would just hurt “Big Business,” in reality, the costs would be passed on to consumers and workers. According to the Tax Foundation, “studies appear to show that labor bears between 50 percent and 100 percent of the burden of the corporate income tax, with 70 percent or higher the most likely outcome.”

Considering this, it should come as little surprise to see economists projecting negative economic consequences as a result of Biden’s hefty tax hikes.

As far as heavy-handed regulations are concerned, they create a drag on the economy by imposing additional costs and stifling innovation. The more red tape and hoops companies and entrepreneurs have to jump through and comply with, the less likely they are to discover new ideas and make breakthroughs. So, too, the more regulated an industry, the harder it is for start-ups to take on the big established companies that can better weather the costs of regulation.

Reducing competition means reduced innovation and more complacency.

Yet the real takeaway from this Stanford study is not about any one candidate, policy, or party. It’s another reminder that free markets and economic liberty drive prosperity—but heavy-handed government interventions hurt more than they help.

COLUMN BY

Brad Polumbo

Brad Polumbo is a libertarian-conservative journalist and the Eugene S. Thorpe Writing Fellow at the Foundation for Economic Education.

RELATED VIDEO: 8 Terrifying Things You Need to Know About Biden’s Economic Agenda

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EDITORS NOTE: This FEE column is republished with permission. ©All rights reserved.

Why America Is Experiencing Two Very Different Economic Recoveries

Nations across the world are still reeling from the COVID-19 pandemic, which triggered a global recession following economic lockdowns enforced by most developed nations around the world.

New estimates put the economic losses at more than $16 trillion, and the United States saw its GDP shrink 9.5 percent between April and June, its largest drop in modern times.

While macroeconomic data is useful, it doesn’t tell the full story. It’s important to understand these economic losses have resulted in severe pain for people around the world, especially the poor.

A new Columbia University study shows that 8 million Americans have slipped into poverty since May, the New York Times reports. Meanwhile, a recent World Bank study projects as many as 150 million people around the world are projected to slip into extreme poverty by 2021.

As the US seeks to rebound from the global recession, it’s worth noting that some states are having more success than others.

Just the News recently published a breakdown of state unemployment data for August (the latest data available). Based on US Bureau of Labor Statistics data, the figures showed that nationally the unemployment rate was 8.4 percent, but the economic pain was not distributed equally across blue, red and purple states.

“Fueled by broader, faster economic reopenings following the initial coronavirus crash, conservative-leaning red states are by and large far outpacing liberal-leaning blue states in terms of putting people back to work,” writes Carrie Sheffield.

Sheffield continued:

“In red states (those voting Republican for president in all four of the last four elections), the combined unemployment rate stood at 6.6%. Among blue states (those that voted Democrat in all four of the last four presidential elections) the figure was 10.5%. Among purple states (all of the others, either split 2 and 2 or 3 wins for one party and one win for the other), the unemployment figure was 7.8%.”

The data also show that of the 10 states with the lowest rates of unemployment, nine have GOP governors (the lone exception being Montana), while 9 of the 10 states with the highest rates of unemployment are led by Democrats (the lone exception being Massachusetts).

Evidence suggests the disparity stems in large part from the different ways states are approaching the coronavirus. Red states, particularly ones like South Dakota, Utah, Oklahoma, and Idaho, have been much less inclined to restrict economic freedom during the pandemic. Blue states, on the other hand, have been the most proactive in limiting economic activity in an attempt to limit the spread of the virus. This includes states such as California, New Jersey, Rhode Island, New York, and Connecticut.

Join us in preserving the principles of economic freedom and individual liberty for the rising generation

One might argue that these states could have had high unemployment rates before the pandemic, but BLS data from earlier this year show this is not the case.

Government figures from January 2020 show that just two states had unemployment rates higher than 5 percent—Alaska (6.1%) and Mississippi (5.7 %). Meanwhile, the blue states of California (3.9%, New Jersey (3.5%), Rhode Island (3.5%), New York (4%) and Connecticut (3.7%) had rates of unemployment close to the national average.

The data suggest that the economic recovery of many US states is being inhibited by government regulations designed to limit the spread of the virus. A recent Wall Street Journal article also recently pointed out that the strong economic recovery in the South “is at least partially due to less fear of the virus.”

While it’s unclear if these regulations are having a positive effect—New Jersey and New York have the highest COVID-19 death tolls in the country, and Rhode Island and Connecticut are not far behind—the consequences of government imposed lockdowns have been abundantly clear for months.

The most recent unemployment data are one part of a larger economic picture that shows, so far, red states are doing a better job of balancing the need to save both lives and livelihoods,” said Rachel Greszler, an economist for the Heritage Foundation.

“[W]e’ve seen blue states using a pandemic as an opportunity to expand government control, impose excessive lockdowns not rooted in data, favor politically connected groups and allies, and demand federal bailouts for decades of poor budgeting instead of taking responsibility and confronting their problems head-on,” Greszler told the Washington Examiner.

As lawmakers in American and around the world continue the difficult work of trying to limit the spread of the virus without causing further destruction, we should remember that the cost of curtailing economic freedom is high.

Just ask the 8 million newly impoverished Americans.

COLUMN BY

EDITORS NOTE: This FEE column is republished with permission. ©All rights reserved.

New Study Pegs COVID-19 Crisis Costs at $16 Trillion—So Far

The word “lockdown” never appears in the Summers-Cutler study, but the costs are clearly visible.


Estimated costs of the coronavirus pandemic are in. The results are not pretty.

A new study co-authored by Harvard economist David M. Cutler and former World Bank chief economist Lawrence H. Summers places the costs of the COVID-19 pandemic north of $16 trillion.

“The estimated cumulative financial costs of the COVID-19 pandemic related to the lost output and health reduction are shown in the Table,” write Summers and Cutler. “The total cost is estimated at more than $16 trillion, or approximately 90% of the annual gross domestic product of the US.”

As the authors explain, roughly half of the costs stem from the global recession, which was triggered by government-imposed lockdowns around the world. The remainder is the result of economic losses stemming from shorter life spans and health deterioration.

These losses are unprecedented in modern history. According to Summers and Cutler, the costs exponentially exceed previous recessions and recent conflicts in the Middle East and beyond.

“Output losses of this magnitude are immense. The lost output in the Great Recession was only one-quarter as large,” the authors write. “The economic loss is more than twice the total monetary outlay for all the wars the US has fought since September 11, 2001, including those in Afghanistan, Iraq, and Syria.”

It’s a sobering analysis. The numbers are so enormous they are difficult for the human mind to grasp, but they will have very real effects on American families and others around the world.

As the authors point out, the losses translate to about $200,000 for a family of four. These losses will hurt American families, but poor families around the world will be hit even harder. A recent World Bank study estimated that as many as 150 million people around the world will fall into extreme poverty—defined by living on less than $1.90 per day—by 2021.

Cutler and Summers write that “the immense financial loss from COVID-19 suggests a fundamental rethinking of government’s role in pandemic preparation.” They recommend establishing permanent government infrastructure for testing, contact tracing, and isolation of the sick.

This seems, to be kind, misguided. After all, it was the government’s botched response to the pandemic and its proactive role in shutting down society that caused the bulk of the unprecedented economic damage.

It’s important to remember that throughout history humanity has experienced no shortage of pandemics and deadly viruses. Many have noted that the 1957-58 pandemic bears striking similarities to that of 2020. The 1957-58 pandemic claimed the lives of 1.1 million people worldwide (including 116,000 Americans). The case-fatality rate for that pandemic was 0.67, researchers estimate, which is almost certainly higher than that of COVID-19.

Despite the similarities, some of the differences are even more striking. The economic fallout from that pandemic was barely noticeable. (The same can be said of the Spanish Flu of 1918.)

What made the COVID-19 pandemic so unique was not the virus itself, but our collective response to it. In an effort to protect the population from an invisible virus, governments adopted a blueprint for government-enforced social distancing, a plan whose genesis stems from a 14-year-old girl’s science project and a library trip by George W. Bush.

In favor of this approach, the long-standing conventional wisdom of how to mitigate the spread of a deadly virus was abandoned by most nations, and by April dozens of governments around the world had quarantined tens of millions of healthy people and ordered the closure of millions of “non-essential” businesses.

Prior to February 2020, when China ordered the largest mass quarantine in human history, such an action had never been taken. (It’s worth noting that before they became a partisan issue, media organizations such as NPR and the New York Times expressed serious doubts about the strategy of government-imposed quarantines.)

And now we know why: pandemic lockdowns are a strategy born of hubris. The strategy rests on the misguided idea that central planners can create a more perfect social order by removing decision-making from individuals and replacing it with their own top-down mandates.

Economists from Hayek to Mises and beyond have warned that this hubris poses one of the great risks to modern man.

“If man is not to do more harm than good in his efforts to improve the social order, he will have to learn that in this, as in all other fields where essential complexity of an organized kind prevails, he cannot acquire the full knowledge which would make mastery of the events possible,” Hayek noted in his Nobel Prize speech.

“The recognition of the insuperable limits to his knowledge ought indeed to teach the student of society a lesson of humility which should guard him against becoming an accomplice in men’s fatal striving to control society – a striving which makes him not only a tyrant over his fellows, but which may well make him the destroyer of a civilization…,” he continued.

Central planners failed to heed Hayek’s “knowledge problem” warning. In their zeal to control society, they destroyed the global economy on a scale the modern world had never seen.

Somehow, the word “lockdown” never appears in the Summers-Cutler study.

This will not do. If we cannot acknowledge a basic truth—government lockdowns failed—we are bound to make the same mistake again.

Once we have come to grips with this basic truth— one the World Health Organization and some European nations appear to have gleaned—we can begin to rebuild the economy. And the recipe for success is simple: economic freedom.

“In order to reverse this serious setback to development progress and poverty reduction, countries will need to prepare for a different economy post-COVID, by allowing capital, labor, skills, and innovation to move into new businesses and sectors,” World Bank Group President David Malpass writes.

Free markets and free people is the formula for a brighter future in a post-COVID-19 world.

COLUMN BY

Jon Miltimore

Jonathan Miltimore is the Managing Editor of FEE.org. His writing/reporting has been the subject of articles in TIME magazine, The Wall Street Journal, CNN, Forbes, Fox News, and the Star Tribune. Bylines: Newsweek, The Washington Times, MSN.com, The Washington Examiner, The Daily Caller, The Federalist, the Epoch Times.

EDITORS NOTE: This FEE column is republished with permission. ©All rights reserved.

How to Empower and Support Young Entrepreneurs (Resources & Tips)

In times of economic uncertainty, it is easy to think that it is ‘impossible’ for anybody to make money. This is complete nonsense and the exact kind of thinking that new entrepreneurs should steer clear of. It is a poverty-based mindset that looks to respond defensively to conditions instead of looking for profit opportunities in all conditions.

To understand how to support and empower young entrepreneurs, we must look at statistics and theoretical knowledge but have a strong emphasis on practical experience.

  • Entrepreneurship motivation seems to begin between 20 – 40 and peaks at 42 (Fraser).
  • Self-employment rises dramatically with age (I4J).
  • The Per Capita rate of new businesses is actually falling (I4J)
  • The majority of entrepreneurs continue to be white males, despite a closing gap (Study.com).

This guide aims to equip the global youth with psychological tools and practical resources so they can confidently build wealth without buying into all of the drama. Saying this, the correct method through which to teach the youth psychological success principles remains a little uncertain and is most definitely not actively fostered in the schooling system.

What’s a ‘Young’ Entrepreneur Anyway?

A ‘young’ entrepreneur is aimed between 18 – 24 for statistical purposes. However, we will take a look at how child and teenage encouragement can assist the youth get set up for success at a later phase of their development. While many believe that the entrepreneurial spirit is dying, consider that a Gallup poll revealed that:

  • 77% of kids want to be their own boss.
  • 40% want their own business.
  • 42% say they will invent something that changes the world.
  • 91% say they are not afraid to take risks.

The issue may be that they are not getting enough support from their wider environment, as the entrepreneurial spirit seems to be going strong. Most of the students surveyed did not have a credit union account and only half agreed that the school teaches them well about banking and finance. More statistics on global entrepreneurship are given below (on younger entrepreneurs as opposed to kids).

Key Statistics – Young Entrepreneurs & the Global Economy

The following statistics were taken from a wide variety of resources to demonstrate the current status of young entrepreneurs (aged between 18 – 24) in a number of different jurisdictions. However, note that in the EU a youth entrepreneur is one aged between 15 – 29, and such studies cast a much larger net for statistical purposes. Some relevant statistics include:

  • Higher education decreases entrepreneurial motivation. As countries get more developed with niche service-based roles, people have less of a need to become truly entrepreneurial. This is because education more or less guarantees a steady paying job, and graduates do not feel they have to work as hard and are ‘guaranteed’ a high paying job (Gem Report).
  • The UK has low levels of youth entrepreneurialism. Only 1.1% of small business owners in the UK are aged between 18 – 24. Similar economies have a 7.6% rate for the same age bracket. 75% of UK youth entrepreneurs make a profit in 2016. (UK.Gov)
  • Only 33% of US entrepreneurs have a high school diploma. 35% indicate that educational qualifications were not necessary or even helpful. 21% said educational qualifications help a little (Finimpact SMB Survey 2019).
  • Across practically all jurisdictions, the key reasons for entering the world of entrepreneurship are ‘freedom’, ‘independence’, and the ‘ability to work for themselves’. These are indicative of psychological traits, and may also indicate a personality disposition that cannot simply be instilled in a person regardless of how intelligent or well-intentioned the program may be. Only a small percentage enter entrepreneurialism because they have no other option (Keele University).
  • Middle-aged men (42 – 50) have the highest business success rates. There is a belief that the youth are responsible for most successful businesses out there. However, studies have shown that middle-aged men have a much better chance of succeeding in their enterprises, especially if they already have experience in the area. Statistics about entrepreneurs tell us business owners who start their companies and hire at least one employee are 42 years old on average. The dataset consisted of over 2.7 million people and the blog title is ‘The 20-year-old entrepreneur is a lie’ (MIT Sloan).

What Are the Best Ways to Train and Mentor Young Entrepreneurs?

It goes without saying that young entrepreneurs are the lifeblood of the economy. Because they eventually grow up and become adult entrepreneurs who really bolster the economy. But training young entrepreneurs is not such a cut and dry process.

How can you train somebody in 2015 for an economy in 2020? Not even the most brilliant investor in the world such as Warren Buffet or George Soros could predict such events as COVID 19. Of course, they can diversify across sectors, but this is because they have such huge levels of wealth. Young entrepreneurs need to take more risks, as their wealth will compound with time. This is a basic tenet of investing.

The single best way to train a young entrepreneur is to make them ‘Antifragile’, a term initially coined by options trader Nassim Taleb. Essentially, you make them able to thrive and adapt to an environment where you cannot rely on static principles. An antifragile entrepreneur actually thrives in chaotic environments, where there is less certainty on the outcome.

Training an entrepreneur to be antifragile, however, is an entirely different story. The short version of training and mentoring entrepreneurs centers around 3 core principles:

  1. The reading of high-quality entrepreneurial books at an early age (more on this below).
  2. An attitude of creative experimentation and consistency from an early age.
  3. Close association with successful entrepreneurs and likeminded individuals at an early age.

More details on why these 3 principles are so essential are explained in detail below. Needless to say, the younger an entrepreneur starts on his or her journey, the better. And few, if any, entrepreneurs succeed without failing on multiple occasions. It is better to fail early and try again than to try late and give up.

8 Best Tips for Millennial Entrepreneurs

The following are some of the best tips for young entrepreneurs and business people looking to build wealth quickly, and then hold it for a long time horizon where it can grow steadily. Younger entrepreneurs can afford to take more risks and can look to get creative, while older entrepreneurs will look for diversification and consolidation.

#1 – Choose Your Friends Wisely

As the well-known adage goes, you are the sum of your closest five friends. Young entrepreneurs need to associate with like-minded individuals. This principle applies across fields. If you want to become an American Football player, you need to associate with friends who are obsessed with succeeding at football. Their influence will rub off.

Setting up businesses with other people is correlated with increased success, especially for startups, an area where lots of millennial entrepreneurs will be looking towards. But setting up a business with an irresponsible person will lead to issues down the line. Make sure to set up with someone you really trust. Starting a business as a co-founder can give you a much needed psychological boost as you are not simply doing it alone, and it will foster teamwork and collaboration skills.

#2 – Find a Mentor

This is related to the first point. A mentor can really serve to point you in the right direction. They have been through everything that you have, multiple times. They will also be a valuable network partner who can hook you up. Many new entrepreneurs make the dreadful mistake of ignoring this tip.

This could be a generational tendency with a do it yourself at all costs attitude. But it is not just millennials that are guilty of this, but the entire social class of entrepreneurs. And this is an excellent characteristic to have for an entrepreneur. It is better to be bold and assertive and learn through failure to use mentors than never to try at all.

#3 – Get Comfortable With Failure

The fact of the matter is that you cannot predict the market. You cannot know if your business is going to succeed. In fact, it is likely to not succeed. The very best entrepreneurs started early, sometimes with lemonade stands. It is the quickest way to learn good business principles. You learn more from failure than you do from your success. Failures are the stepping stone to success. So if a business fails in your twenties, as many do, then dust yourself off and start again.

Related to this point is that you need to become a self-starter and take 100% accountability for your own actions. Your results need to be tied to your effort. Entrepreneurs need to learn to turn $1 into $2. Just being fed stimulus and grant programs can lead to incompetence if it is not used correctly. Learn to succeed in any environment and to make do with what you have now and again. Positive psychology, competence, and active work will make you a better human and a better business person.

#4 –  Use Indirect Success Techniques

There are many tools and strategies you can use to succeed. But success is more than merely the ‘technicals‘. Consider affirmations, visualization, and meditation as integral techniques to succeed. Have a vision of where you are going and contemplate it often. Do not fall into the habit of pushing forward at all costs until you make it.

The business world does not care how much effort you put in if you are not wise in how you spend your resources. Many entrepreneurs have fallen foul of entrepreneurial burnout in their thirties and late twenties. Take at least one full day off and ensure you are getting enough sleep and wholesome nutrition. This will pay off in the long run – do not trade success for health.

#5 – Write a Business Plan

Writing a business plan is an excellent tool as it will familiarize aspiring entrepreneurs with all many aspects of the establishment of a business. A business plan is typically a document between 8 and 15 pages outlining the core values of the business, how it hopes to acquire funding, the experience of the founders, the target market, and so forth.

A mock business plan can be created if you currently do not have a business. As you start to write the business plan, you will come to spot certain blind spots in your ideas and you can refine it until it is a pure gem.

#6 – Get Comfortable Speaking

Like the business plan, public speaking will help you to clarify who you are and what your business is all about. It will also bolster your confidence and rhetoric skills. Most people find public speaking to be incredibly nerve-wracking, but it is a very powerful self-development tool if you stick with it. To succeed in the realm of business, you will need to get used to speaking with people (not to mention arguing and negotiating with them). All people, not just potential investors, respond well to power and confidence. 

#7 – Understand Money, Not Just Work

It is vital to understand the very basic tenets of money. Why you want it, what you can do with it, and how it grows and compounds with time. It is also important to understand the difference between being an employee and an entrepreneur. Not everybody has the characteristics to become an entrepreneur. But it is still useful to understand savings and investments to a degree. Time is always the greatest investment, and if money is saved from an early age, the benefits can be enormous. Start saving and compounding wealth today.

The mindset should be to have a lifestyle that is engaging and dynamic, and this can be done with an understanding of how money works, and how you can get money to work for you – not the other way around. This is why many investors are so adamant about building real estate and rental wealth, as it is passive income that generates for them week by week, month by month, and year by year.

#8 – Start Right Now, but Slowly

Many new entrepreneurs make the mistake of ‘waiting’ to become an entrepreneur. But the process does not start when you are finished college! You spend money every single day! Every time you purchase something, you engage in a business transaction!

If you start saving and investing from an early age, even with small amounts, it will become a trend. You will form automatic success habits that last a lifetime. If you earn $150 a week, get into the habit of saving $15 and investing $15. This follows a golden principle of investing 10% and saving 10% of income. Over time, it will result in the accumulation of great wealth.

Other than this, there are many things you can do, just get started. Write a business plan, start an online business, look for creative ways to make money, brainstorm, pool resources with friends, etc. if you look at the autobiographies of most Ivy League entrepreneurs, you will see they started business programs while in high school and university. Do not wait to start

The Psychology of Entrepreneurship

What is often overlooked in terms of successful entrepreneurs is their initial mindset. Many of them knew what they wanted to do and went for it. In the overall scheme of things, a determination to succeed and an assertive ‘shark’ mentality are what makes for real success. This kind of attitude can be fostered to a degree but is largely a function of the character of the individual.

However,  this is certainly not the whole story, even if it is an essential building block. According to JBCNS School, the 10 characteristics of a successful entrepreneur are:

1) Creativity

2) Professionalism

3) Risk-taking

4) Passion

5) Planning

6) Knowledge

7) Social Skills

8) Open-mindedness towards learning, people, and even failure

9) Empathy

10) The customer is everything

Clearly, what goes into the ‘mix’ of entrepreneurial success is quite diverse! For a young entrepreneur, it is possibly best to emphasize teamwork, collaboration, and networking. If they do not contain all of the necessary ingredients, then they can acquire them through shared characteristics. This is the best way forward, as it is too much to ask for a young entrepreneur to have truly honed these skills with little business experience. Slow and steady wins the race. History is rife with tales of people who acquired wealth quickly and lost it even more swiftly.

Linked to the psychology of entrepreneurship is positive psychology. This does not have any connection with the common idea of simply thinking happy thoughts while your business flounders. But it is to do with actively achieving goals steadily, being focused in your application, making effective use of your time, networking, and being active, dynamic, and collaborative.

You will then see your business income increase, and know that it was because you did it. This is why people who win the lottery lose all of their winnings shortly after. It was not tied to their individual effort, merely luck, and chance. No individual skills or attributes were developed, and so the wealth was not sustained.

As an exercise, it can be very useful to get teenagers and students familiar with all of the business documents associated with running a company. As mentioned previously, the business plan is the most useful for an education perspective, as it is the written definition of opening a new business. Other than that, it can be informative to learn and fill out key forms including Form W4, Form I9s, Form 1099s, Form W2, Forms 941, etc.

A good exercise would be to give students a random assortment of employees and have them figure out how they should file for each one and what tax they must pay. Accounting theory is also incredibly useful as every new business owner will have to know the numbers inside and out. The most embarrassing entries on Dragons Den and other shows are those who cannot differentiate the net from the gross profit from a given year, or who do not understand cost accounting or other basic metrics.

Practice beats theory every single time. An internship at a good company can really set students down the right path, as the experience will stay with them for life. It also teaches them timekeeping and social skills which are relevant regardless of whether they decide to become entrepreneurs or not.

Is the Education System Detrimental to the Growth of Wealth?

It is a sad fact that the education system does almost nothing to teach children about wealth. Perhaps the most pronounced proponent of this fact is Robert Kiyosaki, author of “Rich Dad Poor Dad”. He outlined that the purpose of school is to get a job as a means to earn money, but teaches nothing about money management, making the entire process somewhat futile.

And he makes a strong point. Children should not have to spend nearly 2 decades in school without any knowledge of financial management in the end. It teaches people to be useful employees as opposed to successful entrepreneurs. And from a purely financial perspective, sending children to university is an investment that is no longer profitable, especially given that most of them do not even end up in professions relevant to their degrees. But they still end up with a mountain of debt.

A balance could potentially be struck, but it is wiser for parents to play a more active role in teaching their children about money. There are many ways to foster such understandings.

All this aside, the majority of business people do believe that a university degree is useful. It’s just that certain attributes could be fostered from an earlier age and the relationship between the degree and the business results have yet to be substantiated. A mix of business and theory is arguably the most efficient.

How Can Parents Nurture Entrepreneurialism in Their Kids?

This subject can be a little tricky, not to mention personal. On one hand, do you really want to teach your kid heavy entrepreneurial principles at the age of 10? Perhaps not, but you can show them the basics in a very down to earth manner. Create a savings account for them and encourage them to put away 10% every week.

As they become teenagers, you can pay them for chores completed. If they do not complete their chores, then do not pay them. That is teaching them they can get paid to do nothing and will have the opposite effect. You can also encourage them to get a job with another person or go a step further and part finance any creative ambitions they might have. The idea is to foster and encourage, not to restrict, and reprimand.

There are many applications and online initiatives that you can also use to your advantage when it comes to encouraging savings and entrepreneurialism. An ‘Acorns’ feature on many financial applications will let kids and students put away the spare change from retail purchases towards a specified goal, such as a vacation, camp, or product.

Top 4 Financial Options for Aspiring Entrepreneurs

As teenagers start to lean into their twenties, it is useful for them to become aware of the numerous financing options that are available to them. Because good businesses do need capital to succeed. Saving this young is simply not a viable mechanism for a new business that needs a sharp influx of capital to get off the ground. The most common financial options are:

  • Online Loans – This is potentially the most straightforward option for new entrepreneurs. It provides a no-hassle loan with low minimum requirements. It also provides applications and software that is very appealing to the millennial population, with charts and graphs. 
  • Grants – There are multiple grant options available for young entrepreneurs. And this class does have a lot of social leverage. People like to see young people doing well and are open to helping out. But grant writing is an art that has to be honed like all others. The pros and cons need to be weighed before application.
  • Bank Loans – This is something of a ‘classical’ financial option most frequently reserved for larger business models with established revenue flows. As such, it is not the most direct option for aspiring entrepreneurs. Applications are also long and tedious.
  • Venture Capital – This is a very competitive way to acquire money for a new business. Venture Capital is a shark tank, and the sharks do not lend money easily! Still, it can be an excellent experience for a young entrepreneur to pitch in front of famous business people. If they get a deal of any kind, the experience will be invaluable.

As useful as all of these options are, an emphasis needs to be placed on the creation of money in potentially hostile environments, rather than relying on credit. It is essential for growth, but there are many ways to create wealth, and a mindset of infinite possibility and wealth generation, as opposed to borrowing, must be created. This is also what it will take for the next generation to be removed from the wheel of eternal debt. America is a case study for global debt, as loans and credit seem to be heavily entrenched within the culture from an early age.

11 Best Training Resources For Young Entrepreneurs

Below is a list of helpful resources for young entrepreneurs. This is not a definitive list, as there are too many resources to write about in detail, including grants, mentorship, funding, networking, loans, venture capital and so much more. These are some of the most well-recognized resources that can serve for further inspiration.

#1 – Business Model Generation Handbook

This is a downloadable worksheet called a business model canvas that helps you think through your business idea. While it is more of a book/document, it is brilliantly written to give new entrepreneurs inspiration and empowerment. The site itself also offers online courses about business models and value propositions. It is a great place for new entrepreneurs to learn how to set up their own business instead of just spoon-feeding them the information. There is no substitute for practical experience.

#2 – Founders Workbench

The Founders Workbench has a variety of tools to help you get your startup off the ground. From financial calculators to startup checklists, there’s a whole host of helpful resources on the site. You can actually use this one as an entire startup resources hub, including protecting your profit, scaling the business, and hiring new employees. There are a lot of areas that need attention in a new business, and it is good to have an organized framework in place. This is one of the best entries on the list and an ideal place for an aspiring entrepreneur to get started.

#3 – Launcher (School For Startups)

Launcher is a unique new business startup finance program for entrepreneurs. A business plan must be submitted for a successful application. They offer new business owners aged 18 and over access to world-class teaching, a supportive community, and regular mentoring. The Launcher program (offered by School for Startups) combines government-backed startup business finance from the Start-Up Loans Company, in tandem with a School For Startups one-day Bootcamp. It offers all of this, along with online community and mentoring, at zero cost.

#4 – UnLtd 

The leading provider of support to social entrepreneurs in the UK and offers the largest such network in the world. This resource assists hundreds of individuals each year through their core Awards program. UnLtd invests directly into individuals offering awards of funding, ongoing advice, networking, and practical support.

#5 – O2 Think Big

Provides training and funding for young people with great ideas and helps them get going to make their ideas work. Due to COVID 19, O2 Think Big is not currently offering work experience to young entrepreneurs. In addition, this organization is aimed more towards corporate roles than real entrepreneurial freedom.

#6 – Buzz

A crowdfunding website which enables social entrepreneurs and social ventures to raise funds and build a crowd of supporters. There are multiple other crowdfunding websites that young entrepreneurs can take advantage of to make things happen (though it is by no means an easy route to success).

#7 – Newable

Newable Offers Start-Up Loans of over £500, in increments of £500. Successful applicants can receive free support to prepare your application and mentoring support once you start trading. You must be aged 18 and over and want to start a business in the UK.

#8 – Get Started / SFEDI

Provide access to finance, mentor support, and learning to make sure you have the best chance to get started and grow your business. This is a government-backed project aimed at self-starters and is one of the most well-recognized programs in England. Only UK-based businesses can apply.

#9 – vInspired Cashpoint

For 14 to 25-year-olds who have an idea that will solve a given issue within their locality, vinspired Cashpoint is offering grants of up to £500 to those who can turn ideas into reality, and get their projects off the ground. Once the funding’s signed off young people are given the autonomy to run your project their way. A very fun initiative that gives a lot of freedom for the new generation of entrepreneurs. A balance of structure and spontaneity/freedom is always nice to see, as many programs are too rigid with the rules and regulations.

#10 – Prince’s Trust

Provides practical and financial support to young people, helping them to develop key skills, confidence, and motivation, enabling them to move into work, education, or training. The Enterprise programme provides money and support to help young people start-up in business. They have a ‘Young Person Action Plan’ which outlines key goals and aspirations in s step by step process for success. A young person is defined as one aged between 11 – 30 on the Prince’s Trust website.

#11 – Rockstar Youth

Rockstar Youth is a part of the Rockstar Group. This is the UK’s largest entrepreneurial mentoring organization. Rockstar Youth has produced a market-leading programme for young entrepreneurs that are aged between 18 to 30 years old. The aim is to support them through principle ideation to enterprise creation and furthermore accelerated growth and investment. This is a platinum opportunity for UK based entrepreneurs.

Automation and Entrepreneurship

An area that is not often covered in entrepreneurship is robots and automation. All of the historically difficult tasks can now be done by qualified third parties at a low cost. Getting incorporated, filing for payroll, online legal service, accounting, and scheduling are no longer things that new entrepreneurs need to do manually, though it is still a good idea to get familiar with these areas.

Unfortunately, the role of automation is not covered extensively in universities and is hard to pin down (it is an area that moves rapidly). But all of the greatest and most profitable innovations of the 21st century are a mix of technology with a simple solution. Consider the impact of Tinder, Facebook, Airbnb, Uber, Instagram, and numerous other services that have changed the world.

Tech startups are high risk, high reward, but it is certainly good to get business students familiar with the possibilities. On a micro level, new entrepreneurs should look to leverage automation services for the common business tasks, from business formation to tax filing. 

At present, there happens to be an opportunity to reach a higher level of efficiency through the careful use of automation. At the very basic level, automation can take care of mundane, everyday tasks as well as repetitive processes. This means top talents can focus on more advanced tasks and additional resources can be freed up. Practically all of human evolution has involved the use of tools that made life easier.

The one who uses the tools the best wins the game in a survival of the fittest world (though we want to encourage a more all-encompassing, diverse, and pleasant social environment for the youth of today to grow into).

How to Deploy Automation Technology

Automation in business can be very simple. Instead of manually filing purchase orders, for instance, an automated system can handle the task easily. All customer orders are processed and analyzed to determine the right purchase orders (i.e. for raw materials) to issue. Thanks to machine learning, this process can be optimized further.

The employees that were normally handling this task can then move on to more important challenges, such as boosting sales and drawing the attention of more potential customers. As a result, the business can grow and capitalize on market growth without having to expand structurally. With clever use of automation, you can exert enormous leverage. It’s how there are many business people who can run an entire business on a single computer, such as drop shippers and business consultants.

As long as you are focused and efficient, automation via robots can do a whole lot for you. Automation can be a double-edged sword, but it is well worth it to outline the benefits to the global youth. And they are going to naturally gravitate to automation anyway, as the world is becoming more digital. The danger lies in trying to use too many applications and tools without really understanding their use value and how they fit in. The human touch is always required for creative and innovative purposes.

Machines, computers, and robotics are advancing such that they are beginning to perform jobs previously reserved for humans who can think and move on their feet. Humans can problem-solve, execute non-routine manual tasks, and use their brains to analyze, create, and decide. Thanks to technologies such as artificial intelligence, machine learning, and robotics, computers and machines are now better at performing tasks that we as humans currently perform: they make fewer errors, they can work 24/7, and they are more efficient.

While many are contending that robots will ‘steal’ all of the jobs, this is largely a lazy and traditional mindset. What will happen is that robots will be doing all of the mundane work and will free people to do what they are truly good at. They are a new means of empowerment for all classes of people.

Best Books for Millennial Entrepreneurs

There are many, many, many books on how to become successful as an entrepreneur. But the best recommendations have to be based on principles, not technicalities. This is because all the details of the successful investing change, but the principles never do. Being successful as an entrepreneur mainly relies on successful habits with a persistent attitude. And governing the two of these is a strong mindset built on solid psychological fundamentals. With this in mind, the best entrepreneurial books are:

  1. The Richest Man in Babylon – Quite likely the oldest and most influential book on investing ever written. It consists of a series of parables where numerous individuals slowly learn the secrets of wealth. It also established the fundamental principle that if you invest 10% and save 10% of your earnings, you will steadily get rich while not feeling poorer. What most fail to recognize is that expenditure rises with an increase in wealth, often automatically. With this mind, set 20% aside and work with the remainder. Otherwise, it will be spent on silly things.
  2. Rich Dad Poor Dad – One of the most influential investment books of the modern era. Robert Kiyosaki tells the story of how his poor father was an employee while his real mentor (“Rich Dad”) educated him on the secret of financial success. And he did this, in part by teaching him to play monopoly! Real estate investing is emphasized as it teaches people to look towards passive income and not to have an employee mindset. Focus on being an entrepreneur, and never a worker, on getting returns from investments, not a paycheck from a boss. The difference from a psychological standpoint could not be more pronounced.
  3. Antifragile – This is a little more controversial and ‘technical’. Nassim Taleb made a fortune on options trading by shorting highly volatile assets. During 2008, he made a killing.  This book will teach aspiring entrepreneurs to think independently from the herd. You cannot get rich by following the standard advice found online. You need to understand risk and make your own decisions.

Other notable mentions include ‘The Lean Startup’(Eric Ries), ‘Purple Cow’ (Sreth Godin), and ‘The Art of Start’ (Guy Kawasaki). But these books are not ‘timeless’ in nature. They are based on current trends and will soon be irrelevant.

In contrast, the 3 bulleted books will provide a young entrepreneur with the essential success principles independently of the specific market they are in or the wider macroeconomic conditions. By teaching the technicalities of a given economic era, you are limiting the entrepreneur to a short time period before the data is rendered redundant. By teaching them fundamental principles, you are equipping them with a wealth mindset for life. 

Summation

Young entrepreneurs are the foundation in a thriving global economy. They need to be given the necessary mental and practical resources to foster an entrepreneurial mindset, from an early age.

Empowering and supporting young entrepreneurs is essential, as they are the ones that reinvent society for the betterment of all.

Let us know if we missed out on anything and what you think are the best ways to support and empower the next generation of global entrepreneurs.

FAQ

What Grant Options Are There for Young Entrepreneurs?

There are many, many, many grant programs available for young entrepreneurs. Too many to list in any detail! To search through the list of grants, one of the best resources would be grant.gov. This will give you a list of available Federal grants. Other resources include The US Chamber of Commerce and the Grants Register, which has a list of over 4,200 grants. Remember, young entrepreneurs can also enter most of the typical grants that are available for regular entrepreneurs.

Should Young People Set Up Their Business Differently?

This depends on a wide variety of individual criteria. But in a nutshell, the short answer is no. Young business owners should use established business principles until they know what they are doing. Yes, you will get many people saying you should reinvent the wheel and set up a novel kind of new business with a diverse workforce and a brand new way of doing things involving technology. The end result is most commonly a business failure. You only hear the stories that worked tremendously well, like Facebook and Google. Not the tens of thousands of failures that have and are happening right now.

Where Is the Best Place for a Young Entrepreneur to Get a Loan?

When all is said and done, the best place for a young entrepreneur to get a loan is with a reputable online lender. Every other mechanism (bank loans, grants, venture capital) is variable and time-consuming. Online loans are near guaranteed, even without a history (though not without risks). Family and friends are a viable option, but things can go South with this kind of business arrangement.

Is Becoming an Entrepreneur Really Worth It?

Entrepreneurs do report higher levels of job satisfaction in comparison to other social demographics. So yes, the freedom and independence it provides are certainly with it, to a certain person with a certain mentality. Do not forget the reality of entrepreneurial burnout and having a balanced and holistic lifestyle. It is also wise to remember that the most consistently reported regret of terminally ill individuals is that they wish they had not worked so hard.

How Important Is Entrepreneurial Psychology?

Entrepreneurial psychology is everything in business. This is why we at Finimpact believe that the absolute best thing you can do is hand young entrepreneurs the 3 books listed above and tell them to read them over and over. It will sink in. In a world that is filled to the brim with data, core principles need to be reinforced. Without strong individual psychology and a firm vision, the business is highly unlikely to succeed on a long term basis.

What Are the Best Business Ideas for Young Entrepreneurs?

Business ideas are a dime a dozen. There are thousands upon thousands of them. Just do a quick Google search. The tough part is the execution and implementation of a given business idea. Otherwise, it is merely words on a piece of paper.

Instead of focusing on business ideas, consider ways to increase your income and profitability right now with current income. It can be a little detrimental to try and find the next new revolutionary business idea as opposed to simply working on something simple and making a profit steadily each week. Learn about money, not about business ideas. The details will flow from the fundamentals.

COLUMN BY

Sarah Davis

Sarah Davis is a business executive specializing in mergers and acquisitions, corporate finance, and international law. She achieved her MBA from Cornell University after completing a legal undergraduate at UC Berkley. Sarah runs her own business consultancy firm in tandem with working alongside the FinImpact team.

EDITORS NOTE: This FinImpact column is republished with permission. ©All rights reserved.

A Single Explanation Squares Conflicting Polls

Gallup’s most recent comparison poll for whether Americans think they are better off or worse off than four years earlier, going back to the first time Gallup asked the question, is nothing short of shocking.

Gallup’s chart compares President Trump’s rating to previous presidents at the end of their first terms and shows him at 56 percent. Obama was 45 percent; George W. Bush was 47 percent; Bill Clinton was 38 percent and Ronald Reagan was 44 percent.

So Trump’s is the highest rating, by far. No other president was even all that close to 50 percent. And this, in the midst of a pandemic that none of the others had to deal with. It’s a truly astonishing [CLICK HERE] for the poll result.

But it presents quite a quandary. How do we square these enormously positive results with the President’s low approval ratings and the polls showing Biden way ahead? They don’t seem as though they should exist in the same universe.

There are more numbers doubling down on this quandary. Polls show strong public disapproval of Trump’s handling of coronavirus. Yet polls in New York State show strong public approval of Gov. Andrew Cuomo’s handling of the virus in that state — which was ground zero in the world at one point and an undeniable disaster, pulling down the rest of the nation.

One possible reconciliation of this is that Trump’s personality is off-putting to many Americans and that colors their views of him. He does indeed create a lot of unforced errors through his undisciplined communications style. That alone seems like quite a stretch to cover either of these numbers, particularly handling the virus vis-a-vis Cuomo, who is not a particularly likeable politician.

Finally quandary number, Gallup also asked, “Please tell me whether you agree or disagree with [Trump or Biden] on the issues that mean most to you.” Forty-nine percent said they agreed with Trump on their most important issues, while 46 percent said the same thing of Biden. That would seem to largely bypass the personality question.

So what to make of these vigorously conflicting numbers? Set aside problematic polling for some Trump supporters who may not tell a pollster the truth, I think the only consistent answer explaining all of them is the media coverage of Donald Trump vs. Joe Biden.

Any litany of the partisanized coverage would take a series of books. Let’s just take the white supremacy issue attached to Trump and not to Biden. (This matters a lot — and that it does, is further proof we are not a racist nation — so that really may influence the polls on voting.)

Trump continues to be smeared as a supporter of white supremacists, and as one himself, because they support him and he won’t denounce them. The most cited evidence is the “very fine people” in the Charlottesville incident. This is so ingrained in media thinking that Chris Wallace asked Trump about it at the first presidential debate.

But none of it is actually true. Quite demonstrably not true. He denounced white supremacists repeatedly in the very Charlottesville press conference, and the “very fine people” remark was in reference to the statues issue. Every person who has listened to the press conference or read the official transcript has had to admit that. Politico has the whole messy transcript here. Factcheck has debunked it. Even Jake Tapper admitted it. But anyone can just see it themselves without relying on dubious third-parties.

Further, there is video evidence of Trump denouncing white supremacy something like 20 different times — before Wallace asked him to. This includes interviews with people like NBC’s Chuck Todd on Meet The Press — kind of hard to miss. This video shows 20 times Trump has disavowed white supremacy, white nationalism, the KKK and so on. To quote Trump, “It’s never enough.” Which was proven when Wallace still asked it as if trying to pin an elusive Trump down on this, and people believe the lie.

Conversely, Joe Biden has a pretty dicey record of racist remarks and actions. Did you know that Joe Biden actually called the United Daughters of the Confederacy “an organization made up of many fine people who continue to display the Confederate flag as a symbol.” Well now.

Too many Americans who will vote do not even know that Joe Biden supported segregationists, was the primary driver behind the now-controversial three-strikes law that led to heavy black incarceration and  told a black interviewer that “you ain’t black” if you don’t vote for Biden, and so many other remarks in between.

The coup de grace of the media shield for Biden is that the organizer of the Charlottesville rally was Richard Spencer, an openly proud white supremacist. But Spencer has actually endorsed Joe Biden for president. Did you know that? Most people don’t — and never will. Biden will never be asked about it.

Biden is never confronted on this actual, factual, documented racist history, while Trump is tagged with it over and over no matter what he says or does. Americans don’t think Biden is a racist. But they think Trump is despite the available evidence.

Will the media ever contrast Trump’s expanded funding of Historically Black Colleges, historic low unemployment and wage growth for black Americans under Trump or Trump’s prison reform that will allow more minor offenders to be freed for rehabilitation to Biden’s bill that resulted in “mass incarceration” or the higher black unemployment and slower wage growth during the Obama-Biden years? Will they ask Biden why he thinks more black Americans say they support Trump than any Republican in modern history?

No, on all of the above. Because asking a candidate, regardless of the answer, sets it in people’s minds. So Trump is asked about a lie over and over, and Biden is never asked about the truth — such as his intervention in Ukraine or his administration’s role in the Trump-Russia collusion hoax. He’ll never be asked by the media shield.

And so the divergence of polls. So voters who know they are better off, like what Trump has done and is doing and even approve of his job performance, say they will not vote for him. Because they believe and are moved by the media’s portrait.

The divergence itself is one of the most telling signs of both the media’s bias and the media’s influence. Trump has done a remarkable job for the American people and they know it in their lives. They understand the pandemic is what tanked the economy, and it’s global. But the picture painted to the American people is Trump is a terrible, racist human being.

RELATED TWEET:

RELATED VIDEO: President Trump holds Columbus Day campaign rally in Sanford, Florida. First rally after recovery from China Flu. NOTE: President Trump’s remarks begin at the 1hour 24 minute minute mark.

EDITORS NOTE: This The Revolutionary Act column is republished with permission. ©All rights reserved. Like The Revolutionary Act on Facebook.

VIDEO: WHO Reverses Course, Now Advises Against Use of ‘Punishing’ Lockdowns

Even as the WHO calls on nations to refrain from imposing lockdowns, many governments continue to use this strategy.


For months, an overwhelming majority of the planet’s population has been subject to cruel and unnerving lockdowns: businesses closed, travel restricted, and social gatherings kept to a minimum.

The effects of the COVID-19 pandemic have sunk our economies, kept loved ones apart, derailed funerals, and made personal and economic liberty a casualty as much as our health. One report states it could cost us $82 trillion globally over the next five years – roughly the same as our yearly global GDP.

Many of these initial lockdowns were justified by policy recommendations by the World Health Organization.

The WHO’s director-general Dr. Tedros Adhanom Ghebreyesus, writing in a strategy update in April, called on nations to continue lockdowns until the disease was under control.

But now, more than six months since lockdowns became a favored political tool of global governments, the WHO is calling for their swift end.

Dr. David Nabarro, the WHO’s Special Envoy on COVID-19, told Spectator UK’s Andrew Neil last week that politicians have been wrong in using lockdowns as the “primary control method” to combat COVID-19.

“Lockdowns just have one consequence that you must never ever belittle, and that is making poor people an awful lot poorer,” said Nabarro.

Dr. Michael Ryan, Director of the WHO’s Health Emergencies Programme, offered a similar sentiment.

“What we want to try to avoid – and sometimes it’s unavoidable and we accept that – but what we want to try and avoid is these massive lockdowns that are so punishing to communities, to society and to everything else,” said Dr. Ryan, speaking at a briefing in Geneva.

RELATED ARTICLE: Income Is Determined by the Scarcity of Your Contribution, Not the Value of Human Worth

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The Slow Suicide of New York City

“The city seen from the Queensboro Bridge is always the city seen for the first time, in its first wild promise of all the mystery and beauty in the world.” —F. Scott Fitzgerald, “The Great Gatsby”

Listen: The sound you just heard was of a distinct lack of traffic, a dearth of hum, the slight sound of a great city in a death spiral.

Is New York committing suicide?

That’s a fair question in the wake of the relentless pandemic choking major American cities. The Big Apple is plagued with joblessness, peaking with a 20% unemployment rate this summer, double the national rate.

Want more bleak numbers? Take your pick: About 1,200 restaurants have permanently shuttered since March. The city has around 600,000 fewer jobs than a year ago. About one-third of the city’s small businesses may never reopen.

But, of course, it’s not just about numbers.

It’s the vitality of the city that has been struck down. Tourism is practically a thing of the past. Hotels lay in waste. Broadway remains dark. Offices spaces are just that—vacant.

The Metropolitan Transportation Authority, which operates the subways, is hemorrhaging $200 million a week. Nobody, it seems, is going anywhere. Take a look at the platforms at virtually any subway station: a ghost town.

Imagine the wreckage occurring to the city’s tax base.

Forget foot traffic. Nightlife is practically kaput. The beehive of midtown Manhattan? Vanishing.

The New York of the mind’s eye is lost. The city has always been about the emerald imagination. Making it big a la Sinatra. The scrum of street jockeying. The oasis of Central Park with its nooks and crannies. The bubbling concoction of diversity and greatness.

A favorite activity: Walking up Broadway, stopping for a hotdog at Gray’s Papaya, getting a slice at Famous Original Ray’s Pizza, listening to snippets of arguments, of passions, of cabals being formed along the broad boulevard, from one end of the city to the other.

Call it pop-up entertainment on the go. Let’s not forget, this is the city that stood up to 9/11. It’s the city where George Washington prayed to God upon becoming the first president of this republic.

Meanwhile, Mayor Bill de Blasio and Gov. Andrew Cuomo continue to impose various COVID-19 restrictions on travel, dining, and people’s movement.

If the pandemic doesn’t kill New York, the reaction to it just might.

The city never was about its soaring skyscrapers; it has always been about its towering people. But people are being turned away in droves. Others are fleeing en masse.

The dark days of early COVID-19 are no longer gripping the city; indeed, New York has managed to keep infection numbers low for several months. But even as the city has quelled the number of coronavirus cases, New York has witnessed the rise of another affliction: A startling surge in shootings and other violent crimes.

Shooting victims rose 81% and shooting incidents increased 76% from Jan. 1 through Aug. 2, compared with the same time a year ago, according to the New York Police Department. The recent rioting and looting have cast a long shadow over the city, the likes of which we haven’t seen in half a century.

The last time the city felt this dangerous was way back when New York was financially destitute in the 1970s, when, if you took a stroll down Times Square, you were liable to see an unconscious body prone on the sidewalk, as undisturbed people stepped over and around it.

But even New York of that hard time wasn’t as bad as it is now.

What happened to New York, the capital of the world? The Rome of the 21st century? The center of culture, media, finance, theater, food, fashion—you name it.

A recent New York Times article declared, “Is New York City ‘Over’?”

What’s happening to New York is happening to other great cities across the nation—and, for each metropolis, it’s largely not a medical event. It’s a conscious decision about how we live and what we do.

If, with the beginning of the fall, we can send New York children back to the largest school system in the United States with more than 1 million students, we can surely find a way to open up much of the rest of the city.

Here’s what we think needs to happen to resuscitate the city, with appropriate safeguards:

  • Open all restaurants.
  • Open Broadway.
  • Open museums and other cultural institutions.
  • Open all churches.

While we’re at it, the city should slash prices for subways and other public transit by half.

Much as the federal government has done, the city should institute tax and payroll incentives to get the city back to work.

And, finally, the city should launch a campaign, something along the lines of “New York Is Back.” It should rival the “I Love New York” slogan that originated in the 1970s during the city’s last epic crisis.

What we need now is political courage, not grandstanding. It’s a human decision whether we save the city or not.

COMMENTARY BY

Eric Kampmann

Eric Kampmann has been a New York publisher for five decades.

Alec Klein

Alec Klein, who grew up in New York, is a former reporter for The Washington Post and The Wall Street Journal reporter and author of the new book, “Aftermath.”

EDITORS NOTE: This Daily Caller column is republished with permission. ©All rights reserved. Content created by the Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of this original content, email licensing@dailycallernewsfoundation.org.

Corporate Communism and The Deep State

The following is the transcript from an exclusive special report which premiered on “Making Sense of the Madness” daily broadcast. This is part of an ongoing series of reports researched and submitted by independent investigative journalists and contributors. This report, Corporate Communism and the Deep State, was submitted by Alexandra Bruce of ForbiddenKnowledgeTv.net

What you are about to view, may be considered to be a disruptive uncomfortable truth. Information that is not typically addressed in the main stream media but we consider the information to be not only timely, but of great importance. Welcome to your life. Welcome to the great awakening. Be sure to share this far and wide.

Corporations and Organizations

Black Lives Matter is a Marxist organization that claims to fight the power on behalf of the powerless, yet they have the backing of the most powerful corporations on Earth. It may come as a surprise that the same can be said about the original Communist Revolution, which was financed by the banker elite. In fact, we see the exact same tactics being used by the Deep State today to finance the current Communist insurrection in the U.S. as was used by them for the Russian Revolution in the early twentieth century.

In July of 2020, following the death of George Floyd, one hundred of the largest companies in the U.S. committed to donating over one point six billion dollars to organizations fighting racism and inequality. Companies that specifically pledged money to the Black Lives Matter Foundation included Amazon, Microsoft, Intel, Xbox, Warner Records, Pepsi, Gatorade and Uggs, among others. That same month, Hungarian billionaire George Soros announced that he was donating an additional two hundred and twenty million dollars to the Black Lives Matter movement, with much of the money going into efforts to control 2020 voting systems and to de-fund the police.

Soros

As a wave of protests and rioting swept across the United States, Soros’ Open Society cheered that this was “the moment we’ve been investing in for the last 25 years.” They say seventy million dollars will be immediately spent on plans for, quote “ongoing efforts to fight voter suppression and disinformation and ensure safe and secure elections in the midst of the pandemic,” unquote. This likely refers to vote-by-mail programs and overturning ballot security laws. The remaining one hundred and fifty million dollars of the funds are part of a five-year plan to de-fund the police.

Alex Soros, George Soros’ son and deputy chair of the Open Society Foundations said, “This is the time for urgent and bold action to address racial injustice in America. These investments will empower proven leaders in the Black community to reimagine policing, end mass incarceration, and eliminate the barriers to opportunity that have been the source of inequity for too long.” Soros’ group blames America’s founding for racial injustice and vows to stop it, saying “We recognize that the struggle to dismantle systemic racism is an ongoing one; it has existed from the dawn of the republic to the present day and is embedded in every level of government and in our penal and justice systems.” It is clear from their tactics that George Soros and his Open Society Foundations are agents of the same central banking establishment that financed the Russian Revolution in 1917 and that Black Lives Matter and Antifa are instruments of the descendants of these same invisible trillionaires.

Wall Street and the Communist Revolution

In his 1993 book, Wall Street and the Communist Revolution, Professor Anthony Sutton wrote that, “One of the greatest myths of modern history is that the Communist Revolution in Russia was a popular uprising of the downtrodden masses against the hated ruling class of the Tsars.” What we find instead, is that the planning, the leadership and especially the financing of the Revolution came entirely from outside of Russia, mostly from financiers in Germany, Britain and the United States.

This amazing story begins with Jacob Schiff, who was head of the New York investment firm Kuhn, Loeb and Company. He was one of the principal backers of the Communist Revolution. He was also a major contributor to Woodrow Wilson’s presidential campaign and an advocate for passage of the Federal Reserve Act. During the Russo-Japanese War in 1904 and 1905, when Russia sought to gain control of a warm water port in the Pacific – and failed miserably – thousands of Russian soldiers and sailors were taken as prisoners by the Japanese. Forces hostile to the Tsarist regime outside of Russia paid for the printing of Marxist propaganda and had it delivered to the prison camps. Russian-speaking revolutionaries trained in New York were sent to distribute the pamphlets among the prisoners and to indoctrinate them into rebellion against their own government. When the war ended and these Russian soldiers returned home, they played a major role in creating mutiny among the military during the Communist takeover of Russia.

On March twenty third of 1917, a mass meeting was held at New York City’s Carnegie Hall to celebrate the abdication of Nicolas II and the overthrow of Tsarist rule in Russia. Thousands of socialists, Marxists, nihilists and anarchists attended to celebrate the event. The following day, on page two of the New York Times, was the telegram from Jacob Schiff, which had been read aloud to this audience, in which Schiff expressed regrets that he could not attend but which described the successful Russian revolution as quote, “what we had hoped and striven for these long years”, unquote. Years later in 1949, Schiff’s grandson, John, was quoted by a New York newspaper as saying that his grandfather had given about twenty million dollars for the triumph of Communism in Russia. That was a lot of money back then. One of the best-known Russian revolutionaries at that time was Leon Trotsky. In January of 1916, Trotsky was expelled from France and he came to Brooklyn, New York. Many believe that his expenses were paid by Jacob Schiff.

Watch 14 Minute Special Report:

Trotsky

When Trotsky returned to Russia in May of 1917 to organize the Communist phase of the Russian Revolution, he was arrested by Canadian and British naval personnel, when the ship on which he was traveling was docked at Halifax, Nova Scotia. He was found carrying ten thousand dollars for travel expenses, a very large sum considering the value of the dollar at that time. World War I and the Communist Revolution could have been stopped, right then and there, had he been detained but Trotsky was allowed to continue to Russia, due to the intervention of President Woodrow Wilson, who had given him his American passport. What emerges is a clear pattern of strong support for Communism coming from the highest financial and political power centers in the United States; from men who supposedly were capitalists and who, according to conventional wisdom should have been the mortal enemies of Socialism and Communism.

In Trotsky’s book, My Life, he tells of a British financier, who in 1907 gave him a quote, “large loan” unquote, to be repaid after the overthrow of the Tsar. That financier was identified as Lord Alfred Milner by White Russian General, Arsène de Goulevitch. “In private interviews”, Goulevitch said, “I have been told that over 21 million rubles were spent by Lord Milner in financing the Russian Revolution.” Another name specifically mentioned by de Goulevitch was that of Sir George Buchanan, the British Ambassador to Russia at the time. Milner would later become the UK’s Secretary of Defense and a signatory to the Treaty of Versailles, which ended World War One. In Winston Churchill’s book, The Follies of the Victors, he quoted Milner as saying of the treaty:  “If humanity is to be saved from the nightmare of another Armageddon it will only be by the creation of a New World Order. These million-odd words of the Peace Treaty, with all its seals and signatures, will mean nothing if there is not a change in heart, not only in Germany, but in all nations. The League of Nations by which we set so much store will be reduced to impotence if it is not backed by the moral forces of an enlightened public opinion…”Indeed, the League of Nations was founded by Woodrow Wilson after World War One but it failed to prevent World War Two it and was folded into what became the United Nations.

Deep State and the Red Cross

Sutton wrote that in Russia prior to and during the Revolution, there were many local observers, tourists and newsmen, who reported that British and American agents were everywhere, particularly in Saint Petersburg, providing money for the Communist insurrection. For example, one report said that British agents were seen handing out 25-ruble notes to the men of a regiment just a few hours before it mutinied against its officers and sided with the Communists. It was a repeat of the ploy that had worked so well for the Cabal many times in the past. Once again, the Deep State was working both sides of the conflict to weaken and topple a target government. Tsar Nicholas believed that since the British were Russia’s allies in the war against Germany, that the British officials would be the last to conspire against him. Yet it was the British Ambassador, himself who represented the hidden group, which was financing the regime’s downfall.

In America at the time, the Deep State didn’t have the advantage of using the diplomatic service as cover, so they used a tactic that has become familiar to us today. They used a highly-respected non-governmental organization and came disguised as Red Cross officials on a humanitarian mission. The group consisted almost entirely of financiers, lawyers and accountants from New York banks and investment firms. The demands of World War I had crushed he American Red Cross and it was taken over by these New York bankers, who purchased the organization with large contributions to operate in its name. As Professor Sutton tells us, the Red Cross raised two million dollars in 1910 from wealthy residents of New York City, like J.P. Morgan, who personally contributed one hundred thousand dollars.

For the duration of the war, the Red Cross was nominally made a part of the US Army and wore the uniform of Army officers. The entire expense of the Red Cross Mission in Russia, including the purchase of uniforms, was paid for by the man who was appointed by President Wilson to become its head, ‘Colonel’ William Boyce Thompson. Thompson was the classic specimen of the Deep State at the time, coming from the world of high finance. When he attended the opera in Saint Petersburg, he was given the imperial box. People on the street called him the American Tsar. Socialist Revolutionary leader, Alexander Kerensky viewed him as the real Ambassador of the United States. Thompson coordinated the Wall Street purchases of Russian bonds, totaling ten million rubles. In addition, he gave over two million rubles to Kerensky for propaganda purposes inside Russia.

Together with J.P. Morgan, Thompson gave the ruble equivalent of one million dollars to the Bolsheviks for the spreading of revolutionary propaganda outside of Russia, particularly in Germany and Austria. The agitation made possible by this funding led to the German Communist uprising, known as the Spartacus Revolt of 1918. The Morgan group provided funding for both Kerensky and Lenin. And although both were Socialist revolutionaries, they were in fact bitter competitors for control of the new Russian government. By then, the tactic of funding both sides of a political contest had been raised to a fine art by the Deep State.

America Under Siege Today

So, when we look at what’s happening in America today, we can see that many of the destabilization tactics being used against us are at least a century old and they were deployed by the financial elite to create the Soviet Union. When you go to the Anarcho-Communist website, Antifa.com you are automatically re-directed to JoeBiden.com. Although Biden may not tacitly approve of Antifa, he hasn’t really condemned them, either. However, Antifa clearly approves of Biden.

Biden’s Soros-backed running mate, Kamala Harris approves of the protests. She says the riots aren’t going to stop before the election and they won’t stop afterwards. Moreover, she says that they shouldn’t stop. She says that *we* shouldn’t stop. As President, Kamala Harris would double down on the current Communist insurrection. That’s why she was picked by George Soros.

HR7120

House Bill 7120: the George Floyd Justice in Policing Act of 2020 was introduced by Kamala Harris, Corey Booker and Karen Bass and it passed in Congress on June twenty-fifth but it has yet to pass in the Senate and to be approved by the President. Trump would never approve of it but Biden or Harris certainly would. House Bill 7120 does to local law enforcement what the Trans-Pacific Partnership aimed to do to the US economy, which was to circumvent US Sovereignty and hand our power over to a transnational consortium.

Dismantling the police is the tried-and-true plan that NATO has used in countries all over the world to take over a country’s police departments, city-by-city. It is a tactic that was outlined in Doug Valentine’s book, called ‘The Phoenix Program’. When you make a donation to the Marxist group, Black Lives Matter, the payment is processed by ActBlue. ActBlue is the activist arm of the Democrat Party, a party that has become Communist, almost overnight. ActBlue distributes these donation funds as they see fit, with most of it going to Joe Biden’s campaign. If Joe Biden wins the presidency, the Deep State, comprised of the banking, corporate and media elites will have succeeded in ushering in a nascent Communist regime in the United States.

Summary

The Deep State and Shadow Government will stop at nothing. We are at a crossroads for humanity. It’s either us-or them. This one is for all the marbles and this story is not yet over. We have an awesome responsibility to expose the lies and crimes and to reveal the truth. Freedom? It’s up to us. This is John Michael Chambers. Thank you for reading this special report and be sure to share it far and wide. And remember, stay the course, trust the plan, heed the call for WWG1WGA. God Bless.

©John Michael Chamber. All rights reserved.

Economy Adds 661,000 Jobs, Strengthening Case for Safely Reopening Society

The Bureau of Labor Statistics reported Friday that the unemployment rate fell to 7.9% as the economy gained 661,000 jobs in September, continuing to show signs of recovery and make the case that policymakers must continue to allow more parts of society to safely reopen.

Although the unemployment rate beat experts’ predictions of 8.2%, the number of new jobs fell below predictions, largely due to closures of public schools and a decline in temporary workers for the 2020 census.

However, positive revisions to the July and August jobs reports added 145,000 more jobs than previously reported.

The new jobs report shows that temporary layoffs decreased by 1.5 million, down from the high of 18.1 million in April but still 3.8 million higher than in February.


How are socialists deluding a whole generation? Learn more now >>


In addition, the number of Americans who permanently lost their job increased by 345,000 to 3.8 million; this number has risen by 2.5 million since February.


What’s the best way for America to reopen and return to business? The National Coronavirus Recovery Commission, a project of The Heritage Foundation, assembled America’s top thinkers to figure that out. So far, it has made more than 260 recommendations. Learn more here.


Unemployment rates declined in September for adult men (7.4%), adult women (7.7%), whites (7.0%), and Asians (8.9%), while the jobless rates for teenagers (15.9%), African Americans (12.1%), and Hispanics (10.3%) showed little change over the month.

The labor force participation rate, at 61.4%, fell by 0.3%, following increases in August and September. However, the U-6 unemployment rate—which measures both the unemployed who are looking actively for a job and those who are unemployed but not actively seeking work—fell from 14.2% in August to 12.8% in September.

The Bureau of Labor Statistics continued to conduct a supplemental survey to illustrate some of the changes we have seen since COVID-19 struck. The survey showed that in September, 22.7% of those employed teleworked, down from 24.3% in August.

In addition, 19.4 million Americans said they were unable to work, either in whole or part, because their employer closed or lost business due to the pandemic. This measure is down from 24.2 million.

>>> Related: As Unemployment Dips to 7.9%, Differences Across States Show More Federal Stimulus Not Solution

About 4.5 million not in the labor force in September were prevented from looking for work due to the pandemic, down from 5.2 million.

Here are some of the largest gains and losses by sector:

Leisure and hospitality: +318,000 jobs (food services and drinking places accounted for +200,000 of those gains)

Health care and social assistance: +108,000 jobs

Professional and business services: +89,000 jobs

Transportation and warehousing: +74,000 jobs

Manufacturing: +66,000 jobs

Financial activities: +37,000 jobs

Construction: +26,000 jobs

Government: -216,000 jobs (mostly from losses in local government education, state government education, and temporary census workers)

Although for the most part this jobs report shows the economy headed in the right direction, it also presents tremendous opportunity.

Some 10.7 million fewer Americans are employed than in February.  Although some of these jobs are permanently lost, policymakers should push to prevent more permanent job losses and to open doors to new income opportunities to replace lost jobs by safely opening up the economy.

Recently, we have seen several large corporations, including the Walt Disney Co., American Airlines, and United Airlines, announce thousands of job cuts because of coronavirus restrictions and lockdowns. We likely will see more.

In addition, many children are still at home attending school online since their schools are closed, forcing many parents to stay with them instead of going back to work, and potentially imposing long-term consequences on children’s futures.

Policymakers can and should do more.

As my Heritage Foundation colleague Rachel Greszler writes, the state-by-state numbers suggest that

the solution to a faster and fuller recovery is to balance saving lives and livelihoods by letting society safely resume most activities, respecting individuals’ rights to earn a livelihood, and providing the option of in-person education for children.

For the past five months, the jobs reports have shown the economy moving in the right direction. But clearly there is more work to do, particularly in places were government’s excessive restrictions are imposing unnecessary consequences.

Federal stimulus cannot prop up the economy forever and could backfire by distorting the decisions of households and businesses. The best path forward is for states to balance taking proper precautions with saving livelihoods by allowing the safe reopening of most parts of society.

COMMENTARY BY

Timothy Doescher is associate director of coalition relations at The Heritage Foundation’s Institute for Economic Freedom. Twitter: .

RELATED ARTICLES:

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A Note for our Readers:

Democratic Socialists say, “America should be more like socialist countries such as Sweden and Denmark.” And millions of young people believe them…

For years, “Democratic Socialists” have been growing a crop of followers that include students and young professionals. America’s future will be in their hands.

How are socialists deluding a whole generation? One of their most effective arguments is that “democratic socialism” is working in Scandinavian countries like Sweden and Norway. They claim these countries are “proof” that socialism will work for America. But they’re wrong. And it’s easy to explain why.

Our friends at The Heritage Foundation just published a new guide that provides three irrefutable facts that debunks these myths. For a limited time, they’re offering it to readers of The Daily Signal for free.

Get your free copy of “Why Democratic Socialists Can’t Legitimately Claim Sweden and Denmark as Success Stories” today and equip yourself with the facts you need to debunk these myths once and for all.

GET YOUR FREE COPY NOW »


EDITORS NOTE: This Daily Signal column is republished with permission. ©All rights reserved.

American Airlines to Begin Furloughing 19,000 Workers After Pelosi Fails to Agree to Deal with Mnuchin

Democrats must be dancing naked in the forest. This is their dream – misery, sorrow, unemployment, hardship.

Tens of thousands of job cuts were announced over a 24-hour period, from banks to oil giants, to Disney.

American Airlines to Begin Furloughing 19,000 Workers After Pelosi Fails to Agree to Deal with Mnuchin

American Airlines said it will begin furloughing 19,000 workers after lawmakers and the White House can’t agree on a coronavirus relief deal.

The major airlines have held off on layoffs and mass furloughs under the terms of a $25 billion payroll support program Congress passed in March. The deal was aimed at helping the airlines cope with shutdowns, quarantines, and a crash in bookings, but at the time it was passed, lawmakers believed demand for air travel would recover in a few months.

The March legislation’s ban on cutting jobs expires October 1. Demand for air travel has recovered a bit since the depths of March and April, but passenger volume remains 70 percent below pre-pandemic levels.

Airline executives say they simply cannot avoid eliminating jobs and furloughing employees without a new round of relief from Congress.

American Airlines Chief Executive Doug Parker said in a letter to employees that he stood ready to reverse the furloughs if lawmakers reach a deal, according to Reuters.

U.S. Treasury Secretary Steven Mnuchin said on Fox News on Thursday that talks with House Speaker Nancy Pelosi had made progress, but no deal has been reached. Democrats have resisted reaching a deal with Republicans, with some Democratic politicians and strategists worried that any deal to boost the economy might help Trump’s re-election efforts. Some liberal activists oppose any deals with the Trump administration under any circumstances.

Majority Leader Mitch McConnell called a proposed $2.2 trillion coronavirus relief package from the Democrats “outlandish.”

President Trump has told Capitol Hill Republicans that he would prefer a bill that spent more than the earlier Republican proposal that was rejected by Democrats to no deal at all.

Airlines spent the last several months furiously lobbying lawmakers for a second round of $25 billion of payroll support that would avoid job cuts until the end of March.

United has said it will eliminate more than 13,000 jobs if there is no deal.

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Hot mic catches Pennsylvania’s Dem governor, state rep laughing about ‘political theater’ of masks​​

BET Billioniare Founder, Robert Johnson is Going to vote for Trump, ‘I know what Trump will do, Positive Things for African Americans’

EDITORS NOTE: This Geller Report is republished with permission. ®All rights reserved.

Why I’m Leaving California

My family and my company are leaving California.

It’s heartbreaking.

My parents moved to California four decades ago. I grew up here. For 33 of the 36 years I’ve spent on this planet, I’ve lived here.

I was born at St. Joseph’s in Burbank; I attended elementary school at Edison Elementary; I went to college at UCLA. I co-founded a major media company here, with 75 employees in Los Angeles. I met my wife here; all three of my kids are native Californians.


How are socialists deluding a whole generation? Learn more now >>


This is the most beautiful state in the country. The climate is incredible. The scenery is amazing. The people are generally warm, and there’s an enormous amount to do.

And we’re leaving.

We’re leaving because all the benefits of California have steadily eroded—and then suddenly collapsed. Meanwhile, all the costs of California have steadily increased—and then suddenly skyrocketed.

It can be difficult to spot the incremental encroachment of a terrible disease, but once the final ravages set in, it becomes obvious that the illness is fatal. So, too, with California, where bad governance has turned a would-be paradise into a burgeoning dystopia.

When my family moved to North Hollywood, I was 11. We lived in a safe, clean suburb. Yes, Los Angeles had serious crime and homelessness problems, but those were problems relegated to pockets of the city—problems that, with good governance, we thought could eventually be healed. Instead, the government allowed those problems to metastasize.

As of 2011, Los Angeles County counted less than 40,000 homeless; as of 2020, that number had skyrocketed to 66,000. Suburban areas have become the sites of homeless encampments. Nearly every city underpass hosts a tent city; the city, in its kindness, has put out port-a-potties to reduce the possibility of COVID-19 spread.

Police are forbidden in most cases from either moving transients or even moving their garbage. Nearly every public space in Los Angeles has become a repository for open waste, needles, and trash. The most beautiful areas of Los Angeles, from Santa Monica beach to my suburb, have become wrecks.

My children have personally witnessed drug use, public urination, and public nudity. Looters were allowed free reign in the middle of the city during the Black Lives Matter riots; Rodeo Drive was closed at 1 p.m., and citizens were curfewed at 6 p.m.

To combat these trends, local and state governments have gamed the statistics, reclassifying offenses and letting prisoners go free. Meanwhile, the police have become targets for public ire. In July, the city of Los Angeles slashed police funding, cutting the force to its lowest levels in over a decade.

At the same time, taxes have risen. California’s top marginal income tax rate is now 13.3%; legislators want to raise it to 16.8%. California is also home to a 7.25% sales tax, a 50-cent gas tax, and a bevy of other taxes that drain the wallet and burden business.

California has the worst regulatory climate in America, according to CEO Magazine’s survey of 650 CEOs. The public-sector unions essentially make public policy, running up the debt while providing fewer and fewer actual services.

California’s public education system is a massive failure, and even its once-great colleges are now burdened by the stupidities of political correctness, including an unwillingness to use standardized testing.

And still, the state Legislature is dominated by Democrats. California is not on a trajectory toward recovery; it is on a trajectory toward oblivion. Taxpayers are moving out—now including my family and my company. In 2019, before the pandemic and the widespread rioting and looting, outmigration jumped 38%, rising for the seventh straight year. That number will increase again this year.

I want my kids to grow up safe. I want them to grow up in a community with a future, with more freedom and safety than I grew up with. California makes that impossible. So, goodbye, Golden State. Thanks for the memories.

COPYRIGHT 2020 CREATORS.COM

COMMENTARY BY

Ben Shapiro is host of “The Ben Shapiro Show” and editor-in-chief of DailyWire.com. He is The New York Times best-selling author of “Bullies.” He is a graduate of UCLA and Harvard Law School, and lives with his wife and two children in Los Angeles. Twitter: .


A Note for our Readers:

Democratic Socialists say, “America should be more like socialist countries such as Sweden and Denmark.” And millions of young people believe them…

For years, “Democratic Socialists” have been growing a crop of followers that include students and young professionals. America’s future will be in their hands.

How are socialists deluding a whole generation? One of their most effective arguments is that “democratic socialism” is working in Scandinavian countries like Sweden and Norway. They claim these countries are “proof” that socialism will work for America. But they’re wrong. And it’s easy to explain why.

Our friends at The Heritage Foundation just published a new guide that provides three irrefutable facts that debunks these myths. For a limited time, they’re offering it to readers of The Daily Signal for free.

Get your free copy of “Why Democratic Socialists Can’t Legitimately Claim Sweden and Denmark as Success Stories” today and equip yourself with the facts you need to debunk these myths once and for all.

GET YOUR FREE COPY NOW »


EDITORS NOTE: This Daily Signal column is republished with permission. ©All rights reserved.

Just 1% of U.S. Counties Have Had Nearly Half of All COVID-19 Deaths

As Heritage Foundation researchers have demonstrated throughout the coronavirus pandemic, the spread of COVID-19 in the U.S. has been heavily concentrated in a small number of states—and among a small number of counties within those states.

As our research has pointed out, state-level figures do not adequately describe the concentrated nature of the spread of COVID-19.


What’s the best way for America to reopen and return to business? The National Coronavirus Recovery Commission, a project of The Heritage Foundation, assembled America’s top thinkers to figure that out. So far, it has made more than 260 recommendations. Learn more here.


Moreover, even though the U.S. saw a rapid rise in cases during the summer, the overall levels of concentration have remained fairly consistent.


How are socialists deluding a whole generation? Learn more now >>


For instance, as of Sept. 15, the 30 counties with the most COVID-19 deaths accounted for 26% of all the cases in the U.S. and 40% of all deaths, much greater than those counties’ share of the population (18.4%). That is, just 1% of the counties in the U.S., representing just over 18% of the population, are responsible for almost half of the country’s COVID-19 deaths.

The Heritage Foundation’s newest interactive graphic allows individuals to see more detail on these concentrations among the counties with the most deaths as well as those with the fewest.

For instance, the graphic allows users to select data from the five counties with the most deaths, all the way up to the 50 counties with the most deaths. It also allows visitors to select data from counties with no deaths, all the way up to counties with 10 or fewer.

Once a category is selected, the graphic provides the percentage of counties represented by that category, the percentage of the population contained in those counties, and the percentage of all U.S. COVID-19 deaths in those counties.

For example, as of Sept. 15, 60.6% of all counties are reporting 10 or fewer deaths. These counties represent 13.1% of the population, and account for only 2.7% of total COVID-19 deaths in the U.S.

In contrast, the five counties with the most COVID-19 deaths represent just 0.2% of all counties, but they account for 16% of all COVID-19 deaths in the U.S., nearly three times their population share of 6.5%.

A list of the 50 counties with the most deaths is also provided, and that list has not changed very much since April. New York, for instance, recorded 32,745 deaths as of Sept. 15.

In fact, New York City has exerted an outsized influence on the national COVID-19-related death rate. Removing New York City’s deaths moves the U.S. from eighth place in the world in deaths per million to 13th place.

The New York City metropolitan statistical area even has an outsized influence on the overall statistics for the state of New York.

Removing counties in the New York City metropolitan statistical area from the state’s totals drops the death rate for New York state to 348 per million, nearly 80% lower than the state’s rate when the New York City metropolitan statistical area is included (1,674).

That’s well below the national average and would move New York state from second place to 23rd place in deaths per million.

The same exercise with COVID-19 cases in the New York City area has a similar effect on the state’s totals.

Specifically, when withholding the New York City metropolitan statistical area cases, the overall case rate for New York state plummets by 71% (from 22,065 to 6,505), a level that is well below the national average.

Removing the New York City metropolitan statistical area moves the state of New York from sixth in case rate among U.S. states to 42nd place.

As new Heritage Foundation research shows, as of Aug. 22, the death rate of 2,196 per million residents recorded in the New York City metropolitan statistical area is almost twice that of its nearest rival, Detroit, at 1,177.

Furthermore, the gap between New York City’s COVID-19-related death rate and those of cities that have experienced more recent outbreaks is even more pronounced. The New York City metropolitan statistical area’s death rate is more than triple those of Phoenix and Miami—two cities that have recorded higher rates of infection than New York. It is four and a half times that of Los Angeles and nearly six times that of Houston.

Now that COVID-19 testing has increased dramatically and many state and local governments have relaxed stay-at-home orders, it’s even more critical to study the trends in deaths along with cases.

To make studying these trends easier, The Heritage Foundation now has two interactive COVID-19 trackers. One tracks trends in cases; the other tracks trends in deaths.

The trackers describe whether the trend of cases—or deaths—is increasing or decreasing over the prior 14 days, and provides a visual depiction of new cases—or deaths—during that time period.

These tools help put the concentrated nature of the pandemic in perspective with county-level data. They show just how difficult it can be to use only one metric to gauge whether a county—or state—is doing well. Readers are invited to explore the information in the tracker and check back frequently for updates, as well as to explore the other visual tools on Heritage’s COVID-19 resources page.

COMMENTARY BY

Drew Gonshorowski focuses his research and writing on the nation’s new health care law, including the repercussions for Medicare and Medicaid, as a policy analyst in the Center for Data Analysis at The Heritage Foundation. He also studies economic mobility and the Austrian school of economics.

Norbert Michel studies and writes about housing finance, including the reform of Fannie Mae and Freddie Mac, as The Heritage Foundation’s research fellow in financial regulations. Read his research. Twitter: .

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A Note for our Readers:

Democratic Socialists say, “America should be more like socialist countries such as Sweden and Denmark.” And millions of young people believe them…

For years, “Democratic Socialists” have been growing a crop of followers that include students and young professionals. America’s future will be in their hands.

How are socialists deluding a whole generation? One of their most effective arguments is that “democratic socialism” is working in Scandinavian countries like Sweden and Norway. They claim these countries are “proof” that socialism will work for America. But they’re wrong. And it’s easy to explain why.

Our friends at The Heritage Foundation just published a new guide that provides three irrefutable facts that debunks these myths. For a limited time, they’re offering it to readers of The Daily Signal for free.

Get your free copy of “Why Democratic Socialists Can’t Legitimately Claim Sweden and Denmark as Success Stories” today and equip yourself with the facts you need to debunk these myths once and for all.

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EDITORS NOTE: This Daily Signal column is republished with permission. ©All rights reserved.

TRUMP EFFECT: Incomes Hit Record High and Poverty Reached Record Low in 2019

There is no one on G-d’s green earth better equipped to get us right back than the great man who delivered these momentous gains.

NEW: Incomes hit record high and poverty reached record low in 2019

American households saw their best economic gains in half a century last year under President Trump, according to a report this week from the Census Bureau.And with the President’s pro-growth, pro-worker policies in action, this standard can be achieved again as America safely reopens from the Coronavirus pandemic.

Median household income grew by a stunning $4,400 in 2019, resulting in an all-time record of $68,700. This 6.8 percent one-year increase is the largest gain on record for median income growth.

The poverty rate plunged to an all-time low of 10.5 percent, as well. Between 2018 and 2019 alone, over 4 million Americans were lifted out of poverty, and the child poverty

Minority groups including African Americans, Hispanic Americans, and Asian Americans saw the largest gains in income, while poverty rates fell to a record low for every race and ethnic group in 2019.

Black Americans, for example, saw a 7.9 percent median income increase and a poverty rate that fell below 20 percent for the first time in history.

The COVID-19 pandemic disrupted this historic progress in 2020. Nevertheless, America today is witnessing the fastest recovery from any economic crisis in history. Thanks to the strong fundamentals of the Trump Economy, the monthly jobs report has met or exceeded economist expectations for four months in a row.

The new Census report confirms what we know to be true: With the right agenda for blue-collar and middle-class workers, there’s no limit to America’s economic greatness!


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EDITORS NOTE: This Geller Report column is republished with permission. ©All rights reserved.