"The Goal Now Is To Survive" - A Business Owner's Fight To Stay Afloat
In the first episode of Forbes Firsthand, Yaakoub Hijazi, CEO of Star Laundry, tells his story about what it's like to be a business owner in the time of the pandemic. NYC's industrial laundry industry is enormous, and Star Laundry was responsible for services to 40% of the city's hotel industry. Now, Star is struggling to keep the lights on. In a last ditch effort, Hijazi is hoping to switch from hotels to hospitals to save the business and help the rising number of sick citizens in the city.
While much of the U.S. is living on lockdown to minimize the spread of the coronavirus, several Southern states are resisting. Small businesses considered non-essential say the governors are the only thing between them and financial ruin. (March 28) Todd Rogethien has watched 75 percent of his business disappear amid the coronavirus pandemic. He's desperate for help from the Paycheck Protection Program but keeps running into roadblocks. (April 29) The United Nations is warning of a mental-health crisis brought on by the corona-virus. It says governments need to take immediate action. Millions of people are suffering from psychological repercussions, especially those closest to the pandemic. Many Kids say that they're sad, bored or worried and doctors warn that their mental health is at stake.
But adults are suffering too. Many have lost their jobs and need assistance to get along. Their daily struggle to make ends meet is a mental strain.
Then there's the mental well-being of health workers. They have to deal with so many deaths. Even their own colleagues. All the time worrying they could be next. Stephen A. Smith joins SportsCenter to discuss the NFL's amendments to its Rooney Rule, and also talks about the restart to the 2019-20 NBA season, saying now is the time to go to a conference-free, 1-16 seeded tournament.