Financial Impact of Covid-19 on Business Owners.

[Thinker009]

The pandemic affected a lot of business interms of growth and other factors , most business actually turn bankrupt and only few were able to survive with government helpful funds

 

[eLdavis]

For now the only way would be to move most of our transactions online, board meetings and the likes can be done through zoom, or other online apps. I believe this would be the only way out for now. It might not be 100% problem solving but it is better than Nothing

 

[Mayox25]

There was a great deal of negative impact on business financially by covid 19. So many businesses have not been able to recover from the effect of the lockdown.

 

[Alexandoy]

There was a great deal of negative impact on business financially by covid 19. So many businesses have not been able to recover from the effect of the lockdown.

Businesses that remained closed for more than 6 months are now closed due to the unpaid rental. Very few have recovered and most shifted to another business that is allowed in this pandemic era.

 

[Hena101]

Of course the covid has effected many businesses and make many investors to withdrew because of the lost but now that it has coming to end the we will start again.

 

[Tracee]

It has rendered alot of business owners jobless and out of business leaving them to look for other means of getting income, so it's impact is negative in nature in some cases.

 

[Setfragil]

The financial impact of covid 19 on businesses is bad if the pandemic continues for a long time. Many businesses will be shut down making people to lose their jobs while some will not get paid when they do not go to work.

 

[Ezekiel]

It was just a shock to humanity as a whole, business owners couldn't comprehend what to do because it took them unaware,it really affected business that didn't have any online platform,so many company are still trying to get to rise up to the standard they were before now

 

[Kelly5]

The financial impact of the covid-19 pandemic on financial activities is no longer a news. It has devastated a lot of business to a stand still and some to a complete stop altogether

 

[GIFTMICHAEL]

Covid19 pandemic have really caused financial degradation majority of businesses offline made them to suffer premature closure for some who couldn't hold on to the weight of covid19 to their business.

 

[Bousine123]

Taking loans from the bank or government agencies is a nice place to start. Some of them invested in online businesses, so they can take the proceeds and reinvest.

 

[Kubiat-Abasi]

Covid-19 really crippled so many businesses. There was a sit at home order which infected the demand and supply chain and this brought about excessive inflation in the prices of goods and services.

 

[akinlolu99]

Every business owner around the world took a major hit due to the covid-19 and it gave way to diverse opportunities in terms of online businesses both from the buyers and sellers.

 

[Adebayonle7]

The businesses that have gained ground may still cope during the covid though will definitely experience some loss but as for small businesses, most of them have been highly affected and only few can keep moving on during and after the covid. As for the solutions, some of big businesses have received rescue funds from the government, some businesses need to re-strategize on their marketing and also take their businesses online for wider prescence.

 

[Michael 202]

When you talk about covid19 it affected many business men and organization negatively

 

[Yhubee]

The pandemic affected a lot of offline businesses in such a way that most of them are still trying to get on their feet now. If a 2nd lock down takes place, it will be indeed fatal.

 

[Oliver4smile]

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.

Numerous business owner have closed their shops and shut down their businesses because of covid 19, imagine when you start losing money on a day basis, the worst part is that some are on loans that they seriously need to pay back.

 

[Heatman]

When there few or no people coming to one's businesses on daily basis as usual to purchase one product or another, it cuts down drastically the income flow to the business which might even kill off the business.

 

[Niftyyem]

In my own part of the world, thing are fully back to normal exactly as they were before the pandemic and some businesses that collapsed are gradually picking up again.

 

[Partisan]

Limiting people access to stores and various supermarket and business organisation affect the financial incomes of the organisation because they have lower patronage and they have no more buyers in the organisation