Financial Impact of Covid-19 on Business Owners.

[Lens]

Practically, no one would say his business isn't affected by covid19. It's a global pandemic and it affected all the countries of the world. All businesses, most especially the offline business suffered alot.

 

[Toyoabasi]

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?

Some businesses had to take loans in order to recuperate. The pandemic was a serious hit!
Businesses that were affected to such extent would have to double up their efforts to make up for what was lost.

 

[Syldan]

Well, in a clear sense to me, the covid 19 pandemic has no positive impact on any business ig at all their is then to the curative industries who deals with the productions of drugs. this is because alot of individuals have loss the jobs due to the covid 19, high rate of inflation in the economy etc.

 

[YERUS]

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?

The corona virus pandemic slowed down the activities of several businesses.
A lot folded up and were not able to open again.
These businesses should try and work harder to cover up for the money the pandemic stole.

 

[kinqzbitz]

Covid 19 had affected the world in so many ways and it made some people jobless and fir the business people it made them encounter loses in their businesses

 

[Good-Person]

I think the Covid-19 had much severe effect on Tier 3 countries because Tier 3 countries consist of population who are mostly poor and not well educated. This is why unemployment ratio is much higher in such countries. The business owners also suffered a lot in such countries, unfortunately.

 

[Sotherefore]

Covid 19 had affected the world in so many ways and it made some people jobless and fir the business people it made them encounter loses in their businesses

Most countries are trying to recover while some countries have recovered from the effects long time ago, it depends on how severe the virus was in a particular country.

 

[HayKay]

I think those that majorly experienced this are those that their businesses weren't feasible or built to survive hard times like the pandemic or they didn't have good enough proposals to convince the investors about their plans to stay afloat.

 

[kinqzbitz]

Covid 19 has had a negative impact on the world as a whole and it really made a lot of people unemployed and as for the business people it actually made their businesses slow

 

[Godspower]

So many businesses were were affected by the negative impacts of the COVID-19 pandemic. However, grants and interventions support from Government can help entrepreneurs to sustain their businesses in the face of these adverse effects.

Post automatically merged: Nov 24, 2021

So many businesses were were affected by the negative impacts of the COVID-19 pandemic. However, grants and interventions support from Government can help entrepreneurs to sustain their businesses in the face of these adverse effects.

 

[Ghost]

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

True. But still, there are businesses that thrived more better in this period. Infact such businesses are praying for a repeat. They say one man's food is another man's poison

 

[Ub40]

The experience of covid 19 was very terrible as it did not only affect business but even movement was not that possible. Many businesses closed down as there were no customers were able to come out to patronize them. Market women selling perishable items lost a lot. Terrible experience!

 

[Joy123]

Covid 19 has really had a very negative impact on a lot of businesses. Some businesses have shutdown as a result of covid. Those who borrowed money to invest in their business can't pay back and the interest rate keeps rising.

 

[Elfinito]

Real businessen and women did not withdraw all their investment because they have faced worst situation than Covid so they had patience to wait.
Now they are gain more because the economy is getting back to normal

 

[Toyoabasi]

The corona virus pandemic slowed down the activities of several businesses.
A lot folded up and were not able to open again.
These businesses should try and work harder to cover up for the money the pandemic stole.

yes.
business activities were really slowed down due to the pandemic, some which could not stand the hit folded up. It was really a bad time for most businesses.

 

[Stnicholaz]

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.

Many business have gradually gotten to their feet, while is still trying to recover but some could not recover at all. Many business was seriously affected and jobs were loss that period. We thank things are back to normal.

 

[Good-Person]

I have noticed that we have overcome the Covid strain that was affecting the people around the globe rapidly, but I am just concerned about the new strain of the virus. I just hope that another lock down shall not be imposed on the general public.

 

[Laurentta]

The covid 19 pandemic really had alot of negative effect on business owners as well as employees. I feel business owners can still start a new and work harder to bring their business to the condition it was before the pandemic or to an even better condition.

 

[Kaffyfolla]

A financial planner takes inventory of your finances, then creates a plan to help you reach your goals. Some financial planners also provide investment management

 

[kayode10]

There are some business owners who are yet to get their footings after the event of pandemic outbreak. There are some of them you just acquire loan when the pandemic outbreak came up and they were unable to pay back up till now.