Precinct Reporter Group News

Top Menu

  • Precinct Reporter News
  • Food
  • Subscribe
  • Privacy Policy
  • Buy Adspace
  • Hide Ads for Premium Members

Main Menu

  • Home
  • About
  • Contact Us
  • Read Our E-Edition
  • ADVERTISE
  • Subscribe
Sign in / Join

Login

Welcome! Login in to your account
Lost your password?

Lost Password

Back to login
  • Precinct Reporter News
  • Food
  • Subscribe
  • Privacy Policy
  • Buy Adspace
  • Hide Ads for Premium Members

logo

Precinct Reporter Group News

  • Home
  • About
  • Contact Us
  • Read Our E-Edition
  • ADVERTISE
  • Subscribe
  • Black America Celebrates African Descent Heritage of Pope Leo XIV

  • LBCC Free “Summer Of Learning” Day Camps

  • Sen Ochoa Bogh Champions Civics Education

  • AG Bonta Opposes Fair Housing Rule Change

  • Long Beach Youth Poet Laureate Finals May 17

Latest PRGNews
Home›Latest PRGNews›Small Businesses Try to Pivot Around COVID-19

Small Businesses Try to Pivot Around COVID-19

By Precinct Reporter News
April 1, 2021
2365
0
Share:

By Dianne Anderson

Pivot took on a whole new meaning this past year.

Businesses have closed up shop across the nation, leaving those remaining in survival mode hoping for enough to hold them over until their customers return.

Some are now slowly starting to reopen their doors, although limited to 25% capacity. If next month goes well, it could be open to 50%.

For local business owners like Lorenzo Griffin, opportunities came in a different form that he expects will continue far into the future.

“We were affected exponentially when the Governor closed down barber shops and salons three times over the last 12 months. It literally shut us down, but we’re survivors and thrivers,” he said.

He and his wife own a professional haircare company that sells exclusively to Black salons and barber shops. At one point, they realized they had to think fast and redirect resources. They moved toward an online model with webinars to sell to their clients.

He said they had just purchased their building suite on Orange Show and Arrowhead in 2019, when just four months later, COVID-19 hit.

“We turn lemons into lemonade and we keep moving,” he said.

The only help they received from a governmental agency was the Small Business Administration, which paid half their mortgage for about six months, and another half mortgage covering two months before their location had to shut down once more.

Lorenzo Griffin

Their bank lender also deferred the mortgage payment, tacking it onto the backend.

Other than that, he said it’s mostly getting creative in the way they do business.

“We used to do seminars at the big hotels in Ontario. We’d have 125 stylists pay to get the education, but we’re doing webinars now. You’ve got to know how to pivot,” he said.

As an industry, he points to global revenue outlook reports that hair, weave and wigs will pull about $10 billion dollars a year in the five-year period ending 2023. About 70 percent of that expenditure comes from the Black community.

Griffin, who started Laran product line right before the last 2008 Great Recession, has seen tough times before. Since then, they have expanded with multiple streams of income across several western states.

His business model helps keep Black dollars in the community, and he said their stylists have benefited.

Ad 23

He also has other timely advice. His business had dropped in sales by about 20% last year, however, he looked closely at his expenses and saw where they could trim the fat to cut back by 30%. It still left about 10% profit wiggle room.

The trick is staying on a budget. It’s the way he was raised.

“That’s basically what they have to do. You’re talking to a young man raised in the projects,” he said. “I know how to survive on a little if I have to. We’re pretty frugal, not flashy, no fancy cars.”

Sixth Ward Councilwoman Kim Calvin said that she reached out to the city for information on assistance programs for small businesses and micro business loans.

“Currently, we are not directly administering any funds. However, the City of San Bernardino is providing information for all small businesses who are able to receive assistance through the County of San Bernardino’s website for COVID-19 RELIEF. Non-Profits are able to apply as well. During these trying times, it is essential for all COVID-19 assistance to be made available to our community members. As businesses begin to re-open, I encourage all community members to shop local to support our local small businesses,” she said in an email.

Recently, Gov. Newsom’s Administration announced four new rounds of funding support for small businesses and nonprofits negatively impacted during COVID-19. New grant funding rounds are available from $5-25,000.

Newsom’s administration also recently announced that Tara Lynn Gray will lead the California Office of the Small Business Advocate (CalOSBA)

“As California continues in its recovery, it’s crucial that we recognize minority, women, and immigrant small business owners across the state and the need for connection that is authentic,” said Jay King, President/CEO of the California Black Chamber of Commerce. “Tara is a one-of-a-kind advocate making her exceptionally well-positioned for this new role. Her dedication to all of California’s small business owners will ensure that inclusivity and equity absolutely remain the cornerstone of our economic recovery.”

For more resources, see:

To Support Laran black hair products, see

https://laranhairfantasy.com/

Councilwoman Calvin recommends business owners check out:

http://sbcity.org/cityhall/community_n_economic_development/economic_development/covid_assistance.asp

At the county level,

https://www.selectsbcounty.com/major-initiatives/covid-19

At the state level, learn more about grants and deadlines available through the Office of the Small Business Advocate, see  https://careliefgrant.com/

Tagsbarber shopsCOVID19precinct reporterresourcessalonssmall business
Previous Article

Gender Pay Gap Costs $78B: Disturbing Picture ...

Next Article

Pastors Target Vaccines to Black Community in ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Precinct Reporter News

Related articles More from author

  • Latest PRGNews

    Demystifying Student Performance Via Parental Engagement

    March 14, 2019
    By Precinct Reporter News
  • Latest PRGNews

    S.B. Council Meetings Growing Pains

    April 11, 2019
    By Precinct Reporter News
  • Latest PRGNews

    Community Advocate John Futch Succumbs

    August 15, 2019
    By Precinct Reporter News
  • Latest PRGNews

    S.B. 6th Ward Looks Forward to New Upscale Homes

    August 4, 2022
    By Precinct Reporter News
  • Latest PRGNews

    Celebrated author Ntozake Shange Dies at 70

    November 1, 2018
    By Precinct Reporter News
  • Latest PRGNews

    Incarceration: Racial Disparities Persist, Despite Progress

    October 26, 2023
    By Precinct Reporter News

Leave a reply Cancel reply

You must be logged in to post a comment.

You might be interested

  • Latest PRGNews

    DeVos Hands For-Profit Colleges $11.1B Over 10 Years

  • Latest PRGNews

    Local Artists Learn from the Best

  • Latest PRGNews

    Flavored Tobacco: Old Trick Made New

Precinct Reporter News Group

Your local news resource for 50 years in the Inland Empire, Orange County, Long Beach and surrounding areas!

To subscribe or advertise, call 909.889.0597

About us

  • Broadcasting & Media Production Company
    357 W. 2nd Street
    San Bernardino, California, CA 92401
  • mailto:sales@precinctreporter.com
  • Recent

  • Popular

  • Black America Celebrates African Descent Heritage of Pope Leo XIV

    By Precinct Reporter News
    May 10, 2025
  • LBCC Free “Summer Of Learning” Day Camps

    By Precinct Reporter News
    May 9, 2025
  • Sen Ochoa Bogh Champions Civics Education

    By Precinct Reporter News
    May 9, 2025
  • Black America Celebrates African Descent Heritage of Pope Leo XIV

    By Precinct Reporter News
    May 10, 2025
  • Join our Recipe Competition!

    By PRGNews
    July 16, 2015
  • SB Budget Cuts CDBG

    SB CDBG Cuts Have Local Nonprofits Braced for the Worst

    By PRGNews
    July 16, 2015

Follow us

  • About
  • ADVERTISE
  • ARCHIVES
  • blog
  • Buy Adspace
  • Cart
  • Contact Us
  • Food Test
  • Hide Ads for Premium Members
  • Home MultipleColours2
  • Home MultipleColours3
  • Home Page
  • Home Sport
  • Home Sport2
  • Precinct Reporter News
  • Privacy Policy
  • Subscribe
© Powered by Hotspotwebsites.net. All rights reserved.