Financial Impact of Covid-19 on Business Owners.

[Billy]

Business owners worldwide are the most hit by the pandemic. All sectors of the economy have been hit. Thus all businesses have taken a hit. Service industries have been the most affected because movements and interactions have been limited.

 

[emmitus]

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

 

[Nomad]

Covid broken my backbone. My adsense revenue dropped drastically, my existing clients vanishes, I did not get new clients, my website flipping business almost stopped making money for me.

 

[Doriss]

The wave of the covid was not really friendly to business. So many of them lost so much money as a result of its unannounced visit. Some have to start all over again

 

[Damismiling]

The impact of covid 19 on business and business owners can not be over emphasized, it really dealth with a lot of business especially the offline business without any appearance online, this category of business owners really suffer set back in their business, although few that were able to migrate quickly to online experience a minimal challenge

 

[Justin]

A lot of businesses, mostly small businesses, where closed during the lockdown. Even when the lockdown ended, these businesses could not generate sales because they catered to the people who had lost jobs or income source.

 

[Sincerem]

Its no longer new how covid19 wrecked most offline business to be on the crumbling. I just felt for those offline business heavily affected. All they got to do, is planning post covid19. Because i know anything that has starting must surely end.

 

[Taimoor Jutt]

You are right but i think covid impact goes negative to every business owner especially for offline business. If someone hasn't online setup for his business he has definitely -ve impact plus and will . But for online business it gives bit positive impact to the owners.
Covid has great impact on each and everything.

 

[Shigobad2020]

Covid-19 has a great financial impact on business owners in the sense that people do not move around freely unlike before.people watch what they buy, where they buy from and even things they buy due to the virus spread and all it has streamlined customers wants and needs .

Covid-19 pandemic has both positive and negative impact on business since its inception, the negative impact it has on business is that most offline business like shops and market stores that are not onlines looses most of their customers and their products expires, while online business gains a lot of attention.

 

[Justin]

My friends were doing well with selling on facebook marketplace before covid. During Coivid lockdown they had more time to focus on their business and they were able to scale their businesses. Online businesses did really well.

 

[Blessedsam60]

Covid 19 has really affected most people's businesses. Many businesses has already folded up while some remain still during those period. The effect is still felt till date in many business. Even staff and office workers lost there jobs during the pandemic.

 

[Sariana23]

Covid 19 has really affected most people's businesses. Many businesses has already folded up while some remain still during those period. The effect is still felt till date in many business. Even staff and office workers lost there jobs during the pandemic.

This is true, the vast majority of off-line employees were left without jobs, which is very unfortunate since the owners are unable to maintain the salaries of the workers. As long as the companies do not have production and demands, the cash inflows do not make it sustainable to keep the employees.

 

[James07]

Business owners are the worst hit by this pandemic. Especially the service industry. Those who were already adapted to online business were lucky. They were not as badly hit as the brick and mortar businesses.

 

[Dowenship]

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?

This investors that withdrew their investment in did business only did it out of fear and they are most likely in need of money at that particular time.


Be Inspired, Be informed.

Be informed always because information is knowledge and it carries power to succeed.

 

[Setho]

From a very typical first hand experience, the corona virus and the various lock downs massively affected the transport, hotel and restaurant industry because there was no movement and that lead to very significant loses for owners of such businesses and even at that with the lift, they still werent allowed to go on full.

 

[Ehizzy1]

A lot of business went broke and bankrupt during this pandemic , most especially those business that can't do with the pandemic , i hope the pandemic ends faster than ever for many small business to thrive hard

 

[Nomad]

My offline business collapsed long before covid crisis. However, my online business suffered heavily during covid pandemic. My sales dropped by 75 percent. These are hard times.

 

[Victor72]

The financial effects of covid19 in business owners is bad, because it Leeds to broken in many business. Expect the business of nose cover. A business that trend during the period of covid19

 

[Samuel77]

Financial impacts of covid-19 on business owner i see it as a very bad experience to all business owner. this is because it bought a lot of breakdown to many business

 

[Muhammadawais]

This article examines the economic effect of coronavirus 2019 (COVID-19) on small businesses based on a survey of more than 5,800 small businesses. The findings revealed both the financial vulnerability of many small businesses and the considerable effect COVID-19 had on these businesses in the weeks following the disruptions caused by COVID-19.