Dundas record shop owner and family face economic impacts of coronavirus

Mike Clasen has owned and operated Records On Wheels in Dundas for 35 years. The downtown Dundas record store marked its 40th straight year in business in 2019. – Craig Campbell/ Torstar

Facebook videos and telephone orders are the new way of doing business for Mike Clasen at Records on Wheels as he, like many, tries to cope with required closures and keep paying the bills.

“I’m doing something. I might as well,” Clasen said. “I might as well come down and try to do something.”

That’s an attitude, in times like the coronavirus crisis, that sets successful entrepreneurs apart, according to research into changes resulting from traumatic events, and how entrepreneurs respond to economic crisis.

Goran Calic, a Dundas resident and assistant professor in McMaster University’s DeGroote School of Business, said research indicates there are several ways business owners improve their chances of financial well-being at this time.

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