Financial Impact of Covid-19 on Business Owners.

[Olahab]

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. T

 

[MarieArie]

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. T

How do you mean "very little evidence on the impact" Could you give an explicit explanation in my quote in your last post? Yes, those who observe social distancing are enjoying it now.

 

[Alexandoy]

When the lockdown was imposed in our country only a few businesses were allowed to open and they are the food stores and the pharmacy. After 2 months some other businesses were allowed but they were struggling with no customers. To survive the delivery system was discovered and so many motorcycle riders are providing delivery service.

 

[Diamond07]

The COVID-19 pandemic has brought fast-moving and unexpected variables, some of which existing crisis plans and teams weren’t prepared to handle. Many companies successfully developed incident management plans specific to this crisis, and are now looking ahead.

 

[MarieArie]

When the lockdown was imposed in our country only a few businesses were allowed to open and they are the food stores and the pharmacy. After 2 months some other businesses were allowed but they were struggling with no customers. To survive the delivery system was discovered and so many motorcycle riders are providing delivery service.

Community pharmacy will remain open throughout the COVID-19 pandemic, unlike many other public facilities and companies, to offer critical guidance, knowledge, and medication to patients and local populations.

 

[akinlolu99]

The outcomes recommend that the pandemic had just caused monstrous disengagement among private companies only half a month after its beginning and before the accessibility of government help through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Across the full example, 43% of organizations had briefly shut, and essentially these terminations were because of COVID-19. Social‐distancing limitations and health‐ and economic‐driven request shifts from COVID‐19 are relied upon to screen numerous independent companies and pioneering adventures, yet there is almost no early proof on effects. This paper gives the main investigation of effects of the pandemic on the quantity of dynamic private companies in the United States utilizing broadly delegate information from the April 2020 Current Population Survey—the principal month completely catching early impacts. The quantity of dynamic entrepreneurs

 

[gbadebo9]

Covid -19 have a negative impact on the business since one year ago. I want to tell u nobody globally can say this pandemic did not affecting him. With prevailing situation nearly all the business worldwide have crippled. In some country the government cane to aid some if the business when they about vto be moribund. During lockdown most ppl are using their business money to eat they were perpetualy at home for more than a month without working.Some are begin to cone b4 second wave started which VI's being judge as deadly then the first one.

 

[Marissa]

Businesses in Nigeria have been impacted with shopping malls have closed and offices directing staff to work from home. Travel revenues in Nigeria have also plummeted as state governments, especially in the affected states, have issued directives for lockdown, exempting only essential service providers.

 

[Oluwasube]

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.

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.

You have said the truth. Most company felt the adverse effect of the pandemic. Less productivity resulted in downsizing of workforce strength leaving many jobless and unable to cater for there immediate needs.

 

[Judee201]

Increased Need to Set up Online Businesses
Lack of jobs and a crushing economy will make running online businesses more attractive.

For the fact you don’t need a physical office, store etc, the cost effectiveness of running an online business will inspire individuals to set up businesses online.

This would be a good time for Web Developers and others to sharpen their skills and reach out to a new audience.

 

[MarieArie]

Covid -19 have a negative impact on the business since one year ago. I want to tell u nobody globally can say this pandemic did not affecting him. With prevailing situation nearly all the business worldwide have crippled. In some country the government cane to aid some if the business when they about vto be moribund. During lockdown most ppl are using their business money to eat they were perpetualy at home for more than a month without working.Some are begin to cone b4 second wave started which VI's being judge as deadly then the first one.

The coronavirus has altered daily life deeply. How individuals invest determines which enterprises, and who has a career, live. Since then, revenues have decreased, but for this time of year they are still higher than average.

Post automatically merged: Feb 12, 2021

Covid -19 have a negative impact on the business since one year ago. I want to tell u nobody globally can say this pandemic did not affecting him. With prevailing situation nearly all the business worldwide have crippled. In some country the government cane to aid some if the business when they about vto be moribund. During lockdown most ppl are using their business money to eat they were perpetualy at home for more than a month without working.Some are begin to cone b4 second wave started which VI's being judge as deadly then the first one.

The coronavirus has altered daily life deeply. How individuals invest determines which enterprises, and who has a career, live. Since then, revenues have decreased, but for this time of year they are still higher than average.

 

[Onachukwu]

The early effects of COVID‐19 on small business and entrepreneurs are not well known because of the lack of timely business‐level data released by the government. This paper addresses this limitation by creating estimates of the number of business owners from monthly Current Population Survey (CPS) microdata files

 

[Olubayo12]

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?

truth be told, the corona virus pandemic really affected a lot of businesses and most of the businesses that were affected are offline businesses due to the strict protocols of social distancing that was enforced, some stores could not get mush customers as they used to do before. this is really pathetic.

 

[MarieArie]

The pandemic had a drastic effect on most businesses while some businesses flourished during the peak Period of the pandemic. There was a total lockdown during the peak period of the pandemic which lead to closedown of some businesses. Businesses like online marketing and a lot more flourished during the pandemic

Exactly the point. The only form or channel of business that flourished pleasantly well during the pandemic and lock down period were those who sell online. Another set of individuals are the medical persons and food persons.

 

[tyrim88]

The outbreak of the pandemic has a great impact on businesses and the earnings of both employers and employees alike.Production was reduced to mostly essential goods and product,and restriction also caused the circulation of some items,and these caused a great loss for manufacturers and business owner.

 

[Nurudeen]

The best way for those Business to come back alive again Is that government should implement good polices or give them grant to help them aid the business. Or better still if they can't give them grant they should just waive some tax for them

 

[Popular]

It is no longer news that COVID-19 has killed a lot of individual both business individual as well ,productive companies has stop operating because of COVID-19 so it makes customers to be very upset during the period.Covid-19 has affected our business plan a lot.

 

[chommyluv]

Covi

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?

Covid-19 pandemic really affect so many businesses mine included ; in my country the government closed down business cited in the market, my goods got spoiled because it's perishable goods i lost a lot of money. Till now am yet to recover from the adverse effect of the pandemic

 

[Jomarie05]

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.

 

[zenith]

Honestly it has really affect both businesses and individuals including animals.hete in Nigeria we are already into recession all as a result of this pandemic.many of us are still struggling since last year and up till this year.thousands of jobs have been lost and many companies can't pay their workers.