Running a Live Music Business in the Coronavirus Era

The video discusses the challenges faced by Neumos, a venue in Seattle, during its shutdown in March. The owner talks about the difficult decisions made, including laying off over 100 staff members. The financial and emotional impacts of these decisions are highlighted, emphasizing the responsibility of business owners to their employees and the social contract they uphold. The narrative underscores the struggle of managing a business during a crisis and the personal toll it takes on those involved.

What is the capacity of Neumos, the venue mentioned in the video?

• 800

• 700

• 650

• 500

What is one of the hardest decisions faced by the business owner during the crisis?

• Expanding the business

• Hiring new staff

• Laying off employees

• Increasing ticket prices

What does the speaker refer to as a 'social contract' with employees?

• Giving annual bonuses

• Ensuring job security and financial support

• Providing health insurance

• Offering flexible working hours

How long has the speaker been with Neumos?

• 10 years

• 12 years

• 15 years

• 20 years

What is described as the most challenging part of the situation for the business owner?

• Informing staff about layoffs

• Planning future events

• Communicating with suppliers

• Managing financial spreadsheets