Insights from an Olympian: Navigating Self-Employment and Adaptation During a Crisis

The Effects of the COVID-19 Pandemic on Independent Entrepreneurs

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The Impact of COVID-19 on Livelihoods

The coronavirus pandemic has taken a toll on the economy and job market, with over 57 million people in the U.S. filing for unemployment between March and August 2020. Each filing represents a personal story of hardship and resilience. As we continue to navigate the impact of COVID-19, we are committed to sharing these stories, shedding light on how people are coping, adapting, and moving forward in the face of adversity.

Meet Kristy Kowal: An Olympic Medalist Shifting Gears

Kristy Kowal, an Olympic Silver Medalist and former elementary school teacher, found a new passion in mentoring young swimmers through personalized instruction, clinics, and motivational speeches. However, when the pandemic hit, her in-person business took a hit. Kowal shares her experience of readjusting her career and seeking financial assistance in the face of uncertainty.

Challenges and Adaptations

Transitioning from in-person to virtual consultations and webinars was a significant shift for Kowal. She struggled to receive financial aid through traditional channels but found relief through a PPP loan. The loan provided her with a sense of security to continue her work and navigate the uncertainties of the pandemic.

Finding Flexibility in Uncertain Times

As Kowal adjusted to the new normal, she reflected on the importance of flexibility in both athletics and teaching. She learned to adapt her approach and find new ways to connect with her clients and community. Looking ahead, she hopes for a return to normalcy but acknowledges the opportunity for growth and self-improvement in the midst of challenges.

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