In its most basic sense a business takes inputs like labor, raw materials, floor space and combines them in ways that create value. That is, the final products are worth more than the inputs.
A rancher takes tiny calves, grass, salt and water and grows them into 600 pounds of edible beef.
A farmer takes seeds and fertilizer and wear-and-tear on equipment and 18 hour work-days and produces 22 million Calories per acre.
A landlord takes credit and houses and a deep bench of support people and provides housing for people who need a place out-of-the-weather to sleep.
Nearly half of all businesses will cash in their chips by the end of April unless something exceptional happens.
That would not be a concern if we could eat grass or fertilizer. If we could all fix our own plumbing and roofs and pour our own concrete.
The cynics among us expect the powers-that-be will use the crisis to demand business owners bend their knees in fealty to the new order.
If you have family members who own a business, please understand they are under tremendous stress. If it is within your ability, offer any help you can...a few hours behind the counter or a few dollars of custom at their business or a sympathetic ear.
We are all in this together.