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WSJ Secrets of Wealthy Women

Cate Luzio: On How Small Businesses Can Survive the Coronavirus Crisis

WSJ Secrets of Wealthy Women

The Wall Street Journal

Careers, Business

4.6955 Ratings

🗓️ 29 April 2020

⏱️ 27 minutes

🧾️ Download transcript

Summary

Cate Luzio, founder of Luminary, a female-focused work space in NYC, explains how she's adapting her business in a world of social-distancing. What's your secret to staying calm and managing your career and money during this difficult time? Text or call in your survival strategy to our hotline at (314) 200-5947 and we may share it on the podcast.

Transcript

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0:00.0

Don't you wish your life came with a warning app?

0:02.0

That dog does not want to be petted.

0:04.0

Well, life doesn't always give you time to change the outcome,

0:08.0

but Pre-diabetes does.

0:09.0

Take the one minute test today at Do I Have Pre-diabetes.

0:12.0

Or brought to you by the ad council

0:13.4

and its pre-diabedes awareness partners.

0:17.0

Hey I'm Veronica Dagger and this is the Wall Street Journal Secrets of

0:24.0

wealthy Women, where women share how they tackle career, money, and the world.

0:28.3

The economic downturn caused by the coronavirus has put enormous pressure on small business owners.

0:35.2

It's forced many to shut their doors, lay off staff, and scramble to retool their business

0:41.6

for a world that requires social distancing.

0:45.0

Today we're going to speak with small business owner Kate Lusio.

0:48.8

She's the founder and owner of Luminary, a co-working space for women based in New York City, and she's

0:55.1

had to make some of these tough choices herself. Kate started her business over a

0:59.7

year ago with the dream of bringing women together in a space where they could network

1:04.4

and help each other advance their businesses and careers. Now because the

1:09.2

coronavirus has shut down so much of the city and officials have banned gatherings of large groups.

1:15.0

Kate has had to temporarily close the doors and make her business virtual.

1:20.0

And she says she did it all while battling what she and her doctors are assuming is a case of COVID-19.

1:28.0

So just to clarify here for our listeners, at the time in late March when Kate was told by her doctors that they

1:34.8

assume she had coronavirus, the urgent care clinic she went to was only giving virus tests

...

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