Financial Impact of Covid-19 on Business Owners.

[Victor001]

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 covid 19 to some people really boost their business while some caused wreckage, online business really had a boost as more people tapped into the system. I am a beneficiary of many online program, thanks to covid.

 

[Calcium]

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 has threaten many Small medium businesses ......there is need to educate a lot of SME of the positive impact of internet over covid -19

 

[Hasan Raza]

Coronavirus not just influenced monetary effect of entrepreneurs an it likewise impacts the individuals who were representatives of private areas and acquiring month to month as a business it not influenced on workers also it influence the entire word association and its wonder Coronavirus impact on this year gravely and monetarily everybody was annihilated because of this pendamic condition.

 

[singlej007]

Covid-19 has a lot negative impact on our financial situation, a lot of business has close down due to this covid-19 pandemic, a lot of people has lost their job due to this same pandemic. The financial impact is negative.

 

[Joseph555]

A lot of businesses has suffered because of coronavirus panda me but a lot of business is also where on their top earnings during this Corona virus pandemic it is not surprising that the pandemic has brought financial difficulties do some businesses but at the same time he has also brought great uplifting Tucson business is too so Coronavirus has its own advantages and disadvantages
[automerge]1613066570[/automerge]
A lot of businesses has suffered because of coronavirus panda me but a lot of business is also where on their top earnings during this Corona virus pandemic it is not surprising that the pandemic has brought financial difficulties do some businesses but at the same time he has also brought great uplifting Tucson business is too so Coronavirus has its own advantages and disadvantages

 

[Chibson]

The covid 19 pandemic has brought a lot of problems and losses to many businesses around the world. The covid-19 pandemic came as a surprise too many businesses around the world as such it took them unawares. Many people lost their jobs and of course it brought a lot of family crisis.

 

[Khizar iqbal]

Corona virus S8 is a catastrophic disaster and its arrival has affected people all over the world.The Corona virus has caused a worldwide outcry, shutting down businesses and causing huge losses to businesses.Outbreaks appear to be exacerbated during this time, as companies operating online have doubled their profits.

 

[Sutrahen]

COVID 19 came with both good and bad sides. O the one hand it brought good business to those having o line businesses and ways of meeting demand without physical contact. For the owners that has physical shops, it was bad business for them as stock remained unsold.

 

[tuna89]

You are very right, the covid 19 period has really affected lots of businesses as regards sales and profits, currently, most consumers are watching their spending style and are doing more of saving than buying, if you run a traditional store, you can always switch to online to enable you capture more customers to enable you deliver to their doorsteps.

 

[MarieArie]

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

Yes. The government has to force the lockdown on people so the novel virus, Covid-19 can be pruned, at least to a minimal unit. Although the government of my country failed to cater to our financial needs, the lockdown was a nice idea.

 

[Ralphjoe]

The Corona virus pandemic has affected the whole world especially in the business sector. There are so many restaurants, hotels, clubs, churches that were locked down as a result of the pandemic and right now the revenue that is supposed to come into the country are lost due to all these various Lockdowns and movement restrictions.

 

[zenith]

Since last year this so called corona has been going on.we know is a global thing and is real but I think it has been blown out of proportion especially in my country nigeria.it has become a money making machine for them and they are not ready to slow down any moment.this has been affecting us financially,we are just struggling to survive.

 

[Sana Diyar]

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?

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. This paper provides the first analysis of impacts of the pandemic on the number of active small businesses in the United States using nationally representative data from the April 2020 CPS – the first month fully capturing early effects. The number of active business owners in the United States plummeted by 3.3 million or 22 percent over the crucial two-month window from February to April 2020. The drop in active business owners was the largest on record, and losses to business activity were felt across nearly all industries. African-American businesses were hit especially hard experiencing a 41 percent drop in business activity. Latinx business owner activity fell by 32 percent, and Asian business owner activity dropped by 26 percent

 

[jay]

It was dreadful at start but you know human beings, we always find our ways through hard times. It actually created a means that we thought won't come to life on a normal circumstances and here we are exploiting every single part of it while earning our money.

 

[Onachukwu]

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.

 

[KvngMurphy]

Social distancing restrictions and economic-driven demand shifts from COVID-19 had negative impact on businesses and their owners as many small businesses and entrepreneurial ventures and there is negative impact as there are a lot of evidences showing its impacts.

 

[Thosynho]

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?

Impact of Corona virus on businesses cannot be overemphasized as it is enormous beyond imagination. Lots of business have collapsed and many people have become jobless. COVID 19 affected many businesses especially the offline business.

 

[Kunkun]

This pandemic affected businesses negatively for majority and positively for some. Covid came unaware with a lot of ignorance on the part of most people. The lockdown was a tough time for most businesses

 

[Kamon c4]

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

 

[Jimmie150]

The coming of covid-19 took a negative tune on virtually all businesses worldwide, but despite all we are still living and deriving ways to combat future scenario. In some countries the period of stay at home was use to thinker on the way forward for businesses and mankind.