Financial Impact of Covid-19 on Business Owners.

[MarieArie]

It is no longer news that Covid-19 slowed down the activities of many businesses and organisations. This affected these organisations financially and it is a global phenomenon.

Many investors withdrew their investment in some businesses since they can no longer thrive. This has got me wondering how such businesses would re-start and balance up their financial gaps.

Do you have an idea of what could be done?

 

[Trojan8]

The impact of the pandemic can be observed across a lot of lenses. For one business was losing on valuable production time during the pandemic. There was also the case of increased production costs because raw materials became difficult to secure. The cost of this pandemic was felt across all area of an organization.

 

[idhans]

It is no longer news that Covid-19 slowed down the activities of many businesses and organisations. This affected these organisations financially and it is a global phenomenon.

Many investors withdrew their investment in some businesses since they can no longer thrive. This has got me wondering how such businesses would re-start and balance up their financial gaps.

Do you have an idea of what could be done?

So many people have lost their jobs due to the effect of the pandemic

It is no longer news that Covid-19 slowed down the activities of many businesses and organisations. This affected these organisations financially and it is a global phenomenon.

Many investors withdrew their investment in some businesses since they can no longer thrive. This has got me wondering how such businesses would re-start and balance up their financial gaps.

Do you have an idea of what could be done?

So many people have lost their jobs because of coronavirus, and so purchasing power have reduced in the market, and it has really affect both small-scale, and large-scale business is because there is no work and no money in circulation. I really pray that we find a final solution to this deadly virus.

 

[Waqas wajid]

Many business people have been affected by the corona virus. Their business has gone from bad to worse because the governments of different countries have imposed lockdowns, which has caused people all over the world to leave their homes.People were left stranded in their homes, so the businessmen were greatly affected and suffered a lot

 

[Sherry7788]

Drawing on a survey of more than 5,800 small businesses, this paper provides insight into the economic impact of coronavirus 2019 (COVID-19) on small businesses. The results shed light on both the financial fragility of many small businesses, and the significant impact COVID-19 had on these businesses in the weeks after the COVID-19–related disruptions began. The results also provide evidence on businesses’

 

[Janita]

Covid-19 not only affected financial impact of business owners a it also effects those who were employees of private sectors and earning monthly as a employer it not affected on employees as well it affect the whole word organisation and its phenomenon covid-19 effect on this year very badly and financially everyone was destroyed due to this pendamic condition.

 

[MarieArie]

The impact of the pandemic can be observed across a lot of lenses. For one business was losing on valuable production time during the pandemic. There was also the case of increased production costs because raw materials became difficult to secure. The cost of this pandemic was felt across all area of an organization.

Exactly the point @Trojan8. When you talk about increase in raw materials production, I hope you did not forget how even nose mask sellers increased the prices of what is needed to save life as if it were gold. Well, one can argue that nosemask was actually gold.

 

[Mahnoor]

The outbreak of COVID-19 has affected all businesses including general dental practices, which are suffering huge financial losses as they have been advised to provide only emergency dental care. These recommendations should be appreciated as a positive step but they have caused serious financial implications for dental practices

 

[Jlife]

the Corona virus pandemic has affected a lot of business because during the pandemic. A lot of people were just switching to online marketing and most offline marketing and shops were closed down because of fear of contacting the Corona virus, but I think some people are trying to recover at now.

Post automatically merged: Feb 11, 2021

the Corona virus pandemic has affected a lot of business because during the pandemic. A lot of people were just switching to online marketing and most offline marketing and shops were closed down because of fear of contacting the Corona virus, but I think some people are trying to recover at now.

 

[Ayokex]

The effect of covid-19 has so many impacts on the business including the financial aspect. Many businesses because very great as a result of the outbreak of the pandemic while many almost fold up as a result of the effect of the pandemic.

 

[ibaad]

The results suggest that the pandemic had already caused massive dislocation among small businesses just several weeks after its onset and prior to the availability of government aid through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Across the full sample, 43% of businesses had temporarily closed, and nearly all of these closures were due to COVID-19.

 

[Lloyd]

Business owners are the one who are mostly affected with this pandemic. More businesses especially the small and micro enterprises closed their businesses and declared bankruptcy. People are restricted to go out which means less customers for this businesses especially to those who are not selling essential products. We’ll just hope that this pandemic will end soon and the world will ho back to normal.

 

[solomonmali]

Nigeria is still dependent on oil, so the current crash in oil prices is adding to the COVID-19 lockdown effect where people stop spending – one person’s spending is another person’s income,” Dr Solomon explains. “The Nigerian government is projecting revenue flow from oil to decline from 5.5 trillion Naira in 2020 to 1.1 trillion Naira, so we have a sudden fiscal crisis in Nigeria presenting some pretty immense economic challenges.”

 

[Atif3786]

in May and June, the number of active business owners remained low—down by 15% and 8%, respectively. The continued losses in May and June, and partial rebounds from April were felt across all demographic groups and most industries. These findings of early‐stage losses to small business activity have important implications for policy, income losses, and future economic inequality.

 

[Afrinish]

Social‐distancing restrictions and health‐ and economic‐driven demand shifts from COVID‐19 are expected to shutter many small businesses and entrepreneurial ventures, but there is very little early evidence on impacts. This paper provides the first analysis of impacts of the pandemic on the number of active small businesses in the United States using nationally representative data from the April 2020 Current Population Survey—the first month fully capturing early effects. The number of active business owners

 

[mubinadaddy]

This post covid 19 global pandemic has affected a whole lot of offline business both the old and new, some go out of business which they are now having difficulties to get back on their feet. Some that borrowed money to startup the business and now in so much debt. If the government no come intervene it will really be an issue.

 

[Segat]

Covid-19 a pandemic period is really a challenging one for the whole world. It bring confusion to every one even the business world. It has both negative and positive impact on business. It has opened the eye of entrepreneur to the side of internet business venture.

 

[Richard92]

Covid19 is really affect business so much that most business went bankrupt and others other close down to Covid19 pandemic. This has made most business go online an offline business and managing to survive.

 

[Goodday]

The COVID-19 pandemic actually affected a lot of businesses in both negative and positive sides. Why l'm l saying that, this is because most online businesses are booming as a result of the COVID-19 pandemic and a very good example is the crypto currency trading and investment. Also on the other hand, most of the offline businesses are shooting down because of the pandemic and this means the pandemic has both negative and positive effects.

 

[Bazikd]

Covid-19 has really crippled soo many business that it would take years to recover from the covid out break hindered so many production companies to go bankrupt that they had to downsize their work strength in return causing mass loss of job and unemployment in every continent of the world.