Stories From a Small-Business Owner: My View of Coronavirus and the Restaurant Business

Nearly three years ago, I co-founded a virtual reality (VR) business with the goal of transforming an industry that my partners and I see so much potential in. Our business is a location-based entertainment center that operates something like a cross between an arcade and a bowling alley, except the entertainment is VR games. There are tens of thousands of dollars of VR equipment, a commercial kitchen, and about a dozen employees who are really what make the business function. And business was going like gangbusters until early March.

As the coronavirus spread we've been required to shut down not once, but twice. As a result, I've gotten a unique view of the challenges ahead and how businesses adapt and survive in a crisis. I am reminded of Warren Buffett's quote: "I am a better investor because I am a businessman, and a better businessman because I am an investor."

I hope I know a little more about what to expect as an investor because of my view of this crisis from inside a business being directly affected. Today, I want to share some of what I've learned with you.

Source Fool.com