In the current economic climate, when many small business owners are questioning their own business plans, entrepreneurs often speak with optimism about their own futures and predict that their companies will survive the storm of corporate changes. The truth is that although business is always unpredictable, entrepreneurs are generally correct when they project a bright future. However, entrepreneurs need to be realistic and acknowledge that business is not likely to return to its previous levels anytime in the next two to four years. While many have already proven that they can successfully manage and grow a small business, there is still a significant risk that the business will experience a significant downturn within the next twelve months or so.
During the first two months of this year, many experts were predicting that we would see a significant decline in business activity. However, this did not happen. Instead, there was an increase in start-ups and new businesses during the second half of the year. The reason for this is that many more businesses received funding in the beginning of the year that allowed them to hire enough skilled workers to fill open positions.
There are many reasons why this did occur. First, there was a significant raise in the unemployment rate. This made it possible for several talented people to receive new jobs with raises. With so many positions available, it was not necessary for start-ups to cut their budgets during this period. A combination of several factors including a lack of capital and lack of qualified employees caused start-ups to cut back on advertising and payroll expenses.
A second reason why start-ups survived the first part of the year is that the state of California implemented new school regulations. The new rules required all students in all public and private schools to be certified as “college ready.” This also included students who were enrolled in online learning programs. Most traditional schools accepted students who met the requirements, but the new California school rules forced traditional schools to accept students who were not college ready. In the end, many traditional schools lost students to online learning programs.
The third reason why Los Angeles schools experienced a decline in enrollments in the summer of 2021 was due to some bad news from the state of California. The new California school rules required all students in California schools to be certified for Calculus and required students to complete the same tests that parents send their children to the California State University for credit. The result was that many students found themselves having to retake a class because they were Calculus-dominant students. Some parents had to drop their children from school because they could not find alternative classes to accommodate their child’s lack of certification. While it can be difficult to make ends meet without a full time job, the inability to attend classes while attending college has had far-reaching consequences.
The fourth reason why Los Angeles schools experienced a drop in enrollment in the summer of 2021 was the emergence of a new hunting ground in the form of Chinese online fraudsters. The main characteristic of Chinese online fraudsters is that they use fake degrees to pretend to have successful degrees. The new hunting ground in the form of fake degrees is the degree earned by students at accredited universities in the United States. At first, this new fake college degree was going to be popular simply because it was so different than any other fake degree.
However, as fall turned into winter and into early spring, the news started to spread that the new fake business degree was actually a forgery. When faced with evidence that the degrees were in fact real, the potential students for the new business school burst into laughter. The new hunting ground for Chinese online fraudsters had been uncovered. The new business school that was being established to cater to the needs of Chinese college students was not going to succeed in its mission.
A new business school was opened in Los Angeles to cater to the needs of Chinese college students. This new business school was being led by an entrepreneur who actually had a college degree. The school was being led by an entrepreneur who had spent years building up a huge network of contacts in the business world. The school had begun operations, less than two months after it was formally established. Although the school had all the makings of a great success, it ultimately failed because of one simple thing: entrepreneurs don’t share start-ups survival tips.