Latest news with #businessowner
CBC
4 days ago
- Business
- CBC
Flin Flon resident worries about her business after evacuating from wildfire
Cyndi Pedwell, who was evacuated from Flin Flon, Man., due to ongoing wildfires, says she is worried she will lose her small business if things get worse.
Forbes
5 days ago
- Business
- Forbes
The Zen Entrepreneur: How To Stay Calm When Everything Goes Wrong
The zen entrepreneur: how to stay calm when everything goes wrong When you panic, you fail twice. First in the moment of overwhelm, and then again with every bad decision that follows. Entrepreneurs who lose composure when problems arise create a cascade of problems throughout their business. Teams scramble. Resources drain. Solutions become impossible to see. Everything gets harder when your emotions run wild and your judgment clouds. But the ability to stay centered when chaos erupts is the competitive advantage nobody talks about. I discovered this the hard way during my first major business crisis. After building my social media agency, when covid hit we shrank by 25% in one week. While my instincts told me to panic, I forced myself to step back rather than rush forward. That pause revealed a service model pivot that not only replaced the lost clients but increased our margins. The breakthrough came from stillness, not frantic action. Most entrepreneurs respond to problems with increased speed and urgency. They work longer hours, hold emergency meetings, and make rapid decisions to regain control. This reactive approach feels productive but actually compounds the problem. Business chaos resolves with better thinking. The quality of your decisions determines your outcomes. Your response to crisis gets determined long before the crisis arrives. The entrepreneurs who maintain composure during chaos have built that ability systematically through daily habits and practices. Your calm presence becomes a business asset you can rely on when everything else fails. Physical training forms the foundation. Exercise isn't just for your body. Regular movement stabilizes your mood and strengthens your resilience. Make some form of physical activity non-negotiable, even on your busiest days. Sleep deprivation and good decisions rarely coexist. When you sacrifice sleep for work, you sacrifice the quality of that work. Most entrepreneurs push through exhaustion during difficult periods, believing the tradeoff makes sense. It never does. Create strict sleep boundaries. Turn devices off at least one hour before bed. Keep your bedroom cool and dark. Wake at the same time daily. Your brain solves problems during quality sleep that your conscious mind can't crack while awake. Constant input creates mental fog. Emails, notifications, news feeds, and social media train your brain for distraction, not focus. When crisis hits, this scattered attention becomes your biggest liability. Schedule daily periods of complete quiet. Start with just 10 minutes and gradually increase. No phone. No computer. No input of any kind. Just sit with your thoughts. Meditate. Visualize. This practice seems trivial until you try it. Most entrepreneurs can't last five minutes without reaching for their device. Master this skill and you gain immediate advantage. Business problems trigger your nervous system long before they reach your conscious mind. Your body prepares for danger through ancient survival pathways. Blood diverts from your thinking brain to your limbs. Heart rate increases. Muscles tense. This biological response worked great for escaping predators. It's terrible for making strategic business decisions. Address your physical state before attempting to solve anything. Five deep breaths can reset your nervous system. Place one hand on your chest and one on your stomach. Breathe slowly, making your stomach hand rise more than your chest hand. This activates your parasympathetic system, downshifting from fight-or-flight to rest-and-digest. Physical relocation changes mental perspective. When facing a business crisis, the worst place to solve it is likely where you first discovered it. Your mind forms strong location associations that can trap your thinking. Take your problem for a walk around the block. Drive to a park. Sit in a coffee shop. The change of scenery brings solutions that you couldn't see in your usual environment. Start with making space for perspective. When markets shift, technologies fail, or plans collapse, most people rush to action. They react to surface problems rather than understanding root causes. Do the opposite. Stay calm to gain time. Spot the patterns beneath the chaos. When everything goes wrong, your response determines your outcome. Fight the urge to immediately fix everything. Create space between stimulus and response. Train your calm, protect your sleep, create silence, respond with your body, and shift your location. Turn apparent disasters into unexpected opportunities.
CBS News
26-05-2025
- Business
- CBS News
Florida City restaurant owner among those hospitalized after strip mall explosion on grand opening day
A Florida City man who had poured his life savings into a new business was among the people hospitalized after a propane gas explosion tore through a strip mall on Saturday — just hours before the Caribbean-themed restaurant was scheduled to hold its grand opening. The blast, which injured 10 people and caused a partial roof collapse, occurred at the site of Caribbean's Heart, a new eatery that was set to open its doors to the public that same day. According to residents and community members, the owner had heavily invested in the launch and was among eight people taken to the hospital following the explosion. Two victims were classified as trauma alerts, officials said. The explosion happened at a storefront previously identified as Palm Bakery, but neighbors said it had recently been taken over by Caribbean's Heart. Restaurant damaged in Florida City strip mall explosion was set to open that day Though the business was closed at the time of the incident, video from the scene showed the damage was extensive, with shattered glass scattered throughout the parking lot and at least one nearby shop now deemed structurally unsafe. As of Sunday, the area remained cordoned off with yellow tape as investigators continued working to determine the cause of the blast. Officials have not provided an update on the conditions of the injured, though one victim who spoke to CBS News Miami was released from the hospital later that day. The fiery scene marked a devastating turn for what was supposed to be a day of celebration. A flier promoting Caribbean's Heart's grand opening was still visible at the site as of Sunday morning.
Wall Street Journal
25-05-2025
- Business
- Wall Street Journal
The 90-Day Rush to Get Goods Out of China
Adam Leeb is rushing to ship $700,000 of electronic typewriters from China while the trade truce holds. After forking out $23,000 for tariffs in March when President Trump hit Chinese goods with a new 20% levy, Leeb, a Detroit-based business owner, decided to pause shipments altogether when the administration then pushed tariffs to an eye-watering 145%.
Washington Post
21-05-2025
- Business
- Washington Post
Asking Eric: Parent's questions keep offending adult daughter
Dear Eric: I am 80 and my daughter is 44. I am a retired professional and my daughter, a college graduate and business owner, gets offended when I question anything she does. She's considering going back to school to enhance her marketability and when she showed me a counseling program she was interested in, I noticed one of the required courses was statistics. When I asked her if she realized that it is a high-level math course, she became insulted. Her major in college was graphic design, and she always avoided math classes once she left high school.
