Our 6 key takeaways from Mark Cuban and Andrew Yang's podcast debate on geting entrepreneurs back on their feet so they can rebuild America
with former Democratic presidential candidate Andrew Yang, saying that the delays in getting money to businesses has created a new set of challenges for Main Street.
"We've got 3.7 million companies… zombie companies in a lot of respects, and we've got to address their problems," Cuban said. "Until there's demand for products and services, businesses aren't going to be able to stay open, no matter how much money you give them.
The pair did agree that local businesses could team up to provide a consumer advantage in order to attract more Cuban Card spending in their stores. New government contracting opportunities would arise from the need to manage and analyze the vast amount data that would come out of federal tracking and tracing efforts.Increasing demand would help one side of the equation, but the US could go further by lowering costs too. To really kick things off for small business employers, the price of healthcare needs to come way down — and the Shark Tank judge has ideas.
"One of the things that terrified me and would have embarrassed me mightily… is if any of my companies were on government assistance," Cuban said, referring to companies who encourage their employees to apply for welfare programs, rather than pay a living wage.
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