Lessons from Past Crises
Entrepreneur|July - August 2020
Yes, it’s possible to come out of the pandemic stronger. Here’s how seven entrepreneurs thrived during the recession, 9/11, and other terrible events.
By Liz Brody
Lessons from Past Crises

NIKKI HOWARD and JAQI WRIGHT, founders/ The Furlough Cheesecake

LESSON: Stand out when others aren’t.

IN 2018, Nikki Howard (pictured, left) worked in recruitment at the FDA and Jaqi Wright (right) was an analyst at the Department of Justice. But in December, the sisters were both furloughed in what turned out to be the longest government shutdown in history. By New Year’s, they were worried about feeding their families. To cheer everyone up, Howard baked one of her sweet potato cheesecakes for the church. “It was our mother who sat down with a pot of coffee and told us, ‘You should sell those,’” Wright recalls. The sisters jumped on it. They registered their company, The Furlough Cheesecake, threw up a website, and went out to friends and family on social media. Their first 24 hours in business, they sold six cakes. Then, after Wright contacted the local news, which eventually led to a profile on CNN, they got 1,000-plus cake orders…and that led to an appearance on Ellen (nearly 4,000 more). The sisters got cheesecakes in about 80 Walmarts for a short-term stint, and since then, they’ve been racing to keep up with the demand. Along the way, they left their government jobs. “Don’t be obsessed with getting your business plan perfect,” advises Wright. “At some point, you have to take your finger off pause and hit play.”

KEN GIDDON, co-owner/ Rothmans

LESSON: Look ahead at tomorrow’s needs.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM ENTREPRENEURView all
How to Succeed With Gen Z Workers
Entrepreneur US

How to Succeed With Gen Z Workers

People often say that younger employees are different. But are they? We asked six business leaders what they've learned, and how their teams thrive.

time-read
2 mins  |
November - December 2024
There's No Perfect Answer
Entrepreneur US

There's No Perfect Answer

I worked the same job for 19 years. I hated it, but it paid the bills. Then, in 2017, I entertained an exciting but terrifying question: Could I be an entrepreneur? I wasn't sure, so I needed something that felt like a guarantee. I searched for signs that would feel like a big, clear \"yes!\" Instead, what I found was a tarot card deck.

time-read
1 min  |
November - December 2024
10 HOTTEST TRENDS for 2025
Entrepreneur US

10 HOTTEST TRENDS for 2025

Want to buy a brand that buzzes? Here's what to know.

time-read
1 min  |
November - December 2024
BUILD YOUR MONEY MACHINE
Entrepreneur US

BUILD YOUR MONEY MACHINE

A franchise isn't just a franchise. It should be a Money Machine, creating profit even while you're out of the office. Here's how.

time-read
10 mins  |
November - December 2024
The Top Franchises for Veterans
Entrepreneur US

The Top Franchises for Veterans

Are you a military vet looking to become a franchisee, or just want to support a brand that supports the troops? Check out these 150 brands.

time-read
1 min  |
November - December 2024
20 LEADERS WHO ARE DEFINING ENTREPRENEURSHIP TODAY
Entrepreneur US

20 LEADERS WHO ARE DEFINING ENTREPRENEURSHIP TODAY

In a year of disruption, we wanted to know: Whose work will define the years to come? We reviewed hundreds of names and picked 20 leaders across a range of industries and sizes. Meet them on the following pages, and see what it takes to thrive in 2025 and beyond.

time-read
10+ mins  |
November - December 2024
How to Become a Main Street Millionaire
Entrepreneur US

How to Become a Main Street Millionaire

It started when I bought one little laundromat. Now I have a whole portfolio of small local businesses that bring in tens of millions in revenue a year. Here's why following my playbook could be your ticket to financial freedom-and saving America's local small businesses.

time-read
5 mins  |
November - December 2024
Want to Better Serve Your Clients? Become Them.
Entrepreneur US

Want to Better Serve Your Clients? Become Them.

As a designer for brands, starting my own product company gave me a dose of humilityand it changed the way I relate to clients.

time-read
3 mins  |
November - December 2024
I've Been a Publicist for 17 Years.Don't Hire Me.
Entrepreneur US

I've Been a Publicist for 17 Years.Don't Hire Me.

Entrepreneurs often think they need PR. Most don't. Here's why you're probably better off not hiring someone like me.

time-read
5 mins  |
November - December 2024
The CEO's Advice to the MVP
Entrepreneur US

The CEO's Advice to the MVP

Kickstarter CEO Everette Taylor knows the formula for a successful launch. NBA champ Jaylen Brown recently launched a shoe and athleisure brand. They have a lot to teach each other.

time-read
7 mins  |
November - December 2024