How startups can survive and thrive in the coronavirus recession

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The downturn can actually be a good time to start a business, especially if you’ve got a future-forward idea, these founders say. The COVID-19 pandemic has had significant ramifications on the economy. One survey found that because of the virus, 31% of small and medium-sized businesses had to close down completely, and 41% of owners had to dip into their personal savings to stay afloat. While these numbers sound grim, a downturn can actually be a great time to start a new business. Read Full Story

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Webinar: Don’t let the downturn stop you from making a financial plan

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Betterment founder and CEO Jon Stein will offer practical advice on financial planning, even in a middle of an economic crisis. It may seem counterintuitive to launch or revise your financial plan in the middle of a major economic downturn, but experts say now is a perfect time for young professionals to assess their financial goals. Indeed, money management company Betterment has seen growth in customers since March, when the slowdown started, and more people are depositing funds than withdrawing them, says Jon Stein, the company’s founder and CEO. Stein will share his insights on saving, investing, dealing with debt, and more during a special Fast Company webinar on Wednesday, May 6, at 11 a.m. EST. (You may register here for the free session, a Fast Company Innovation Festival virtual event.) Stein knows a thing or two about managing in a downturn. He founded the robo-advisor (a new breed of …


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