Financial Impact of Covid-19 on Business Owners.

[Heatman]

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.

A lot of things became very costly as a result of the pandemic of coronavirus because you don't even have the possibility of seeing those products available which makes it very scarce and it is making everything difficult for everybody.

 

[CeeJase]

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?

One of the biggest financial impact of the pandemic of coronavirus in my country today is that everything is expensive and there is no money in the country which makes things very difficult for everyone.

 

[Sotherefore]

A lot of business owner had a lot of financial difficulty during the pandemic periods especially when everyone was on lockdown, the Corona virus season then affected All business seriously.

 

[Bookwormlux]

The coronavirus pandemic has affected a lot of businesses and they are just finding it difficult to recover from the effects, especially those of the living in poor countries.

 

[Castelione]

This pandemic affects business owners financially in different ways. It may give high costs in products because of limited access to both raw materials and transportation. Some cannot operate because their services are no longer essential because of the situation and restrictions provided.

 

[glitch]

I know several businesses that have been shut down since 2020. Many were local small businesses that couldn't keep going because they were forced to close for too long.

 

[Setho]

The covid-19 really brought a lot of fear and uncertainty in the minds of so many people. This made a lot of people to be reluctant about putting money into investments and as such reduce the number of money in circulation.

 

[Syldan]

Actually the covid 19 outbreak, personally to me it dont have any positive economic or financial impact on business owners but it rather destroyed alot of things and breaks down of the economy.

 

[Shigobad2020]

Since the outbreak of the pandemic , most of the business have been affected financially in the sense that ,the company are not getting money regularly so they are unable to produce .

 

[Sotherefore]

Everybody has passed through a lot of financial challenge during the pandemic and i thank God everything is now ok. If you ask business owners, you will be so surprised when they narrate their experience of what they went through during that Time to still maintain their business.

 

[Lens]

The impact of covid-19 was felt when the government ordered a total lockdown of businesses. This is actually what makes so many businesses lose financial status.

 

[Godspower]

The impact of covid-19 was felt when the government ordered a total lockdown of businesses. This is actually what makes so many businesses lose financial status.

My business really took a hit during the COVID-19 pandemic period. There was lockdown everywhere and sales were really affected due to the closure of shops and offices. Till today, things are yet to return to normal.

 

[Lens]

My business really took a hit during the COVID-19 pandemic period. There was lockdown everywhere and sales were really affected due to the closure of shops and offices. Till today, things are yet to return to normal.

Mine is opposite because during the pandemic, I made three times the profit I would normally make when the lockdown was not in place . It all depends on the types of business that we are doing.

 

[Godspower]

Mine is opposite because during the pandemic, I made three times the profit I would normally make when the lockdown was not in place . It all depends on the types of business that we are doing.

Wow..I am really surprised to read this. It's quite different from what others experienced. What kind of business where you into and did you put in extra work to it despite the lockdown?

 

[Shigobad2020]

The financial impact of covid 19 on business during the pandemic was really bad because most of the business was hit negatively and some business closed down permanently since then.

 

[Chibson]

The coronavirus pandemic affected a lot of businesses in so many negative ways. so many people were not able to retain their businesses during that period and they have no option than to close down.

 

[Ogbes]

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?

Few percent of the large numbers of business which closed down during and after the pandemic are still closed or out of business because they couldn't recover and government never supported in relief funds may be due to some bottle necks or bureaucracy.