Pandemic

‘The waiting game is exhausting when you are motivated.’ Clarksville business owner discusses starting a company during the pandemic



a young girl wearing a hat: Christine Farnsworth, owner of White Oaks Home Inspection.


© Contributed
Christine Farnsworth, owner of White Oaks Home Inspection.

Opening a new business during a pandemic is probably one of the most interesting experiences you can imagine. 

Unlike trying to open a normal business, or even conducting normal business, you now have to do everything via email, phone or Zoom. There are rarely face-to-face conversations, which was a staple, especially in my field. Imagine the frustration of trying to obtain permits, insurance, buying needed items, especially when the cost of everything was — and is still — going through the roof. 

My story actually started in November of 2019, with my husband as my cheerleader. I began with a basic business plan, worked on ideas and started budgeting for everything that was needed. Setting up the backbone of the business, I looked into in-depth education in Tennessee and Kentucky. 

In March of 2020, while at a class in Kentucky

Read More

Cedar Rapids area restaurants rely on loyal customers, new ideas to survive pandemic

By Dorothy de Souza Guedes, correspondent

Jennifer Goodlove’s business got a boost from an unexpected source during the pandemic — gnomes.

“The gnomes and takeout are what saved me last year and this year,” Goodlove said. “We’re talking thousands of gnomes.”

She stocks decorative gnomes for every season and occasion at Farmer’s Daughter’s Market, a restaurant, market and gift shop at 495 Miller Rd., Hiawatha.

“We have a lot of repeat customers. What we saw this year, last year was people picking and choosing who they want to support,” Goodlove said. “They go out of their way.”

2020 was challenging for restaurants and bars that had to start thinking outside the box once the pandemic hit and restrictions to prevent the spread of COVID-19 were put in place.

For Goodlove, new ideas increased sales, but not everyone was as lucky. January was a record-breaking month for the Farmer’s Daughter’s

Read More

SpendEdge Releases Sourcing Procurement Intelligence Report for the Financial Reporting Software Market | Evolving Opportunities and New Market Possibilities Post Pandemic

LONDON–(BUSINESS WIRE)–Global procurement intelligence advisory firm, SpendEdge, has announced the release of their Financial Reporting Software Market Intelligence Report, for the Information Technology market is expected to grow by USD 4,270.86 million as we reach 2025.

Collaborations with global suppliers will also help buyers in cost-saving and ensure high-quality procurement in the forthcoming years in this dynamic market. Price forecasts are beneficial in purchase planning, especially when supplemented by the constant monitoring of price influencing factors. During the forecast period, the market expects a change of 2%-4%.” says senior procurement analyst at SpendEdge.

Looking for more insights from this report? Request a free sample report

  • Financial Reporting Software Report Insights
  • The Financial Reporting Software market is set to showcase a CAGR of around 12.29%
  • SpendEdge’s analysts expects that suppliers will have moderate bargaining power in this market
  • Holistic category management approach will help buyers

This report

Read More

Pensacola’s food truck scene flourishes 2020 despite COVID-19 pandemic

This story has been updated to correct a mistake that appeared in the original version. The name of the Greek’s Catering and Events food truck co-owner is Stelios Peterson.

Food trucks were a bit taboo in Pensacola five years ago. Now, they’re everywhere in the city in 2021, representative of a shift in the restaurant industry, at least temporarily.

Today, you’ll find food trucks morning, noon and night serving customers at neighborhood subdivisions and apartment complexes and in the parking lots of bars, breweries and other businesses all across Northwest Florida.

But in 2015 and 2016, food trucks were so foreign to the city’s ecosystem that their regulation was constantly in question and their very existence was contentiously debated by some local businesses

Cook Demitrius Arnold, left, and owner Kendrick Hobbs plate a mac and cheese burger melt July 13 at the new Melt food truck in Pensacola.

“The restaurants were all up in arms against them and everything, and food truck ordinances were being passed around and passed on by City Council over

Read More

Despite a pandemic winter, economists see green shoots

Initial signs of economic recovery are tenuous, but there are a growing number of them now giving hope to investors, business owners and ordinary Americans alike.

In addition to a continuing fall in weekly jobless claims, a cross-section of economic indicators offers a glimmer of hope for recovery, while corporate bottom lines and household finances both suggest the emergence of an economy that is inching closer to normalcy.

“The most important thing is to keep this economy going while we’re still in this area of uncertainty with regard to the virus,” said Tom Martin, senior portfolio manager at Globalt Investments. “What’s most important is that people can keep their jobs, or be able to pay their bills and not end up on the street if they don’t have a job,” he said.

To that end, lawmakers have been pushing new plans for stimulus that include unemployment support and direct payments

Read More

McCormick CFO Ramps Up Advertising Spend After Pandemic Sales Boost

McCormick

& Co.’s finance chief is boosting the flavor company’s advertising spending to maintain growth in consumer sales as more people cook at home during the pandemic.

McCormick, the company behind brands such as Frank’s RedHot, French’s Yellow Mustard and Cholula Hot Sauce, reported a 10% increase in net sales to $3.60 billion in its consumer segment during the 12 months ended Nov. 30. The consumer division generates roughly 64% of the company’s total revenue. Roughly $2 billion, or 3.5% less than in the prior fiscal year, came from sales to restaurants and packaged-food businesses.

McCormick, based in Hunt Valley, Md., is targeting an increase in net sales by 7% to 9% this year, driven in part by new products, mergers and acquisitions and advertising. “As a CFO, I am always hesitant to say more spending is good,” said Chief Financial Officer

Mike Smith.

But, he thinks it is necessary,

Read More