Financial Impact of Covid-19 on Business Owners.

[Yaqoob Habib]

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.

As the COVID-19 Pandemic Continues to evolve,there has never been a more pressing need for organization to rethink and reconfigure their business far a change world.covid-19 has affected all industries and organization are seeing the impact it hss on their business.

 

[Mawome]

Covid 19 shattered all the plans in business, negative impact is what we see, during covid 19 period. Business was so dull all the market were closed, people were hungry, am talking about my country, I don't know of other countries, they promised us palliatives but we didn't see any one?

 

[Josemendez]

Businesses that solely depend on the role of workers in the production process actually suffered a lot . Because the lockdown made it impossible for workers to go to their place of work,and thus affected production and sales .

 

[Adexgrace]

The global outbreak of covid19 has affected lots of businesses, I have a friend whose uncle is into business and investment. After covid his business has not be reshaped since then. But he is managing and improving. Covid really affected lots of businesses.

 

[Cissé]

It is true that covid 19 really affect many business. And some business owner find it difficult to run their business well, the pandemic force some organisation to release some of their staff in order to balance there finance. Some business owner still find a way of making money during the lock down by doing their business online.

 

[Godleads1]

Businesses have greatly suffered in the hands of COVID-19 and it's pandemic. Due to lock down, most businesses we're affected and the business activities slowed down while is some, these activities have come to a stop. Those still run theirs have most of there customers patronising another business.

 

[Ezzyoj]

Covid-19 lockdown waa really a challenging moment all over the world, so many people lost their job, some businesses crumble, and a whole lot of things that happened and still happening in some countries in the world. It is important to have diverse knowledge of the internet and businesses

 

[marky]

It's generally excellent to change your time over to cash by doing one work or the other which I know isn't simple, But it will be acceptable in the event that you can locate an online business that is paying I implied online webpage that you can be dealing with which you get your installment for your work done on the website. You can likewise go into web based business which is worthwhile on the off chance that you feel comfortable around it.

 

[akinlolu99]

The Coronavirus pandemic has cause a great deal of monetary plunge for the most part. A few organizations have been shortdown while some have laid off specialists since there is no monetary solidarity to keep paying compensations. Organizations have been left impediment since work has been in a snail-like request , exchanges have been less and organizations are simply attempting to endure as opposed to benefit. Its been awful on organizations foundations from bigger scope business to limited scope organizations, everything is seen a low monetary result.

 

[bhennie]

At time we don’t writ what it is. an entrepreneur is one of the most difficult things to do, managing people and also sourcing for funds when the needs arises and also bearing the loose when it happens. As an entrepreneur it is not necessary to have an investors but depending on how much funds you have and the size you are looking out for it is always nice to have one

 

[Josephjossy]

Due to the Coronavirus pandemic, lots of businesses and lots of company have loss so much money and some of them where shutdown, lots of people loss there jobs and there money, in some countries, economy is very down because of the Coronavirus pandemic. It affected many businesses financially. The only way to balance the situation is to manage the little you have very well

 

[BTCBEE]

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?

it is still making big changes in business.. many people's business has been spoiled and they are thinking again and to raise it. covid is still here with us and in many Europe countries already on lockdown so be careful

 

[Chikzy gold]

Business owners especially import and export of household items are more affected during this covid-19 period, it's no longer news or even strange to the business owners as they have kept their fingers crossed expecting that the world will be free of this disheartening pandemic.

 

[Esther]

This is really affecting the physical business owner because when the lockdown started it really accepted them cause they could not sell to people they couldn't go out to sell their business and people could not go out to buy unlike the online business owners they coul just stay at home and sell

 

[Softdave]

COVID has in no doubt made impact on businesses and business owners but unfortunately a negative impact it made some people loose their jobs and investment,delays in business growth and many things and the world at large

 

[Maheen]

In pandemics business man face a hard time they didn't open their shops and there was no sells .....even you have to pay bills ,had to buy groceries ,school fees and other utilities but there is no income ......some of the business man went into deep depression due to financial loss

 

[Felixko]

a lot of companies has closed down due to covid - 19. this implies that it really has financially effect to so many people. in this, many people who are into offline business was affected negatively and those who are into online business was yielding.

 

[Dowenship]

We should be appreciative that this hasn't gotten to far, I still know of some businesses that seems crumbling but have started recovering. Any business that crumble totally probably have started crumbling before the effect of covid 19.

 

[Good-Person]

Many experts have stated that it will take time to deal with the negative effects caused by Covid-19. We are now in the year 2021 and we can see that the situation is changing slighty and businesses are recovering from the impact of Covid-19. I believe that this situation can change by handling the situation peoperly and according to the circumstances. For example, if you own a restaurant, then you can still conduct the business by delivering the food instead of allowing people to sit in your restaurants. You can encourage your staff to work from home rather than coming to office. However, I believe that now conditions set by the government are no longer strict in my country and things are coming back to normal.

 

[Sotherefore]

Coronavirus has affected a lot of business and beside all the effect it has on a lot of business online business is one of the most unaffected part of any business during the pandemic period.