Behind the Scenes of Restaurant: Impossible

As of December 2020, more than 110,000 U.S. restaurants were closed for business temporarily, or permanently, according to the National Restaurant Association. America’s eating and drinking establishments finished 2020 nearly 2.5 million jobs below the pre-coronavirus level, and total restaurant and food service industry sales fell by $240 billion in 2020.
Staggering data by almost any measure, the restaurant sector was negatively impacted more than any other industry in the country, according to the Washington-based association.

But they lack confidence in their skills

Nearly half of American teens say they are concerned that their general lack of understanding basic financial matters will keep them from achieving economic security in their adult lives.
In a new survey from Junior Achievement – the national organization dedicated to helping high school students learn how to run businesses and gain financial skills – 46 percent of the respondents ranging in age from 13 to 17 indicated they view their own lack of knowledge regarding money matters as a “major” barrier to their future financial security.

What May Keep Working During the Pandemic Recovery

Hindsight is 20/20 as they say – and as we look back on the year 2020 the idiom serves us well.

Entering the second quarter of 2021, financial advisors across America are sharing what strategies worked as they advised their clients throughout the unprecedented Covid-19 pandemic – and how it shapes their approach moving forward.

Keeping financial education interesting and relevant by partnering with leading experts has helped build MoneyShow into the world’s largest global network of investment and trading expert education over the last 40 years.

“It's important to enjoy your education,” Kim Githler, the founder, CEO, and chair of MoneyShow, said in an interview with Advisors Magazine. “We work hard to find fascinating personalities and people who are genuine about wanting to create a better tomorrow and making a difference.

The consulting industry in the United States generates more than $150 billion in revenue a year, according to the website Consulting.us. The number of independent operators is steadily rising and most consulting firms are solo enterprises.

Among those more than 700,000 consultants in the U.S., Steve Mayer, PhD, PE (professional engineer) — and owner/principal of SF Mayer LLC — is likely one of the few who use poems to help set him apart. Writing poetry is one of his creative outlets.

MindMed raises institutional capital, nears FDA clinical testing

Institutional investors are becoming more involved in the evolving psychedelic biotech industry, helping companies in the new sector raise more capital and move closer to regulatory approval for their innovative therapies.

“I think 2020 was the year of the psychedelic unicorn, but 2021 is the year that real institutional capital comes into this space,” J.R. Rahn, co-founder and CEO of psychedelic medicine biotech Mind Medicine Inc. (MindMed), said in an interview with Advisors Magazine.

Marcus Lemonis was merely an infant in his native Lebanon as the nation was enduring the ravages of war in 1974, but when a bomb exploded in Nashville, Tennessee on Christmas Day 2020, the TV personality (CNBC’s The Profit and now Streets of Dreams), entrepreneur, advocate and philanthropist sprang into action. What started as a $250,000 reward to anyone who provided information leading to the arrest and conviction of the perpetrator, was converted to donate to victims that were directly affected. Through an application process, Lemonis’

Traditional IPOs – already facing tough competition from special purpose acquisition companies – are expected to encounter further challenges in 2021 as new rules for direct listings provide another path for companies to raise funds through public markets.
On December 22, 2020, the Securities and Exchange Commission approved new rules for the New York Stock Exchange allowing a company to raise new capital by selling shares through a direct listing of its stock. Previously, direct listings could only be used to sell stock already owned by executives or investors – not to sell new shares and raise additional capital for the company itself.