Financial Impact of Covid-19 on Business Owners.

[Trexxxy]

The pandemic affected a lot of businesses and organisations. Businesses that lost important investors or huge capital have two options; either they get new investors or new capital incentive, or they close down.

 

[GIFTMICHAEL]

No doubt, the global pandemic caused many businesses to experience financial loss, causing them to go on a redundancy, slashing the amount of employees needed including salaries.

 

[Ralphjoe]

This post covid 19 global pandemic has affected a whole lot of offline business both the old and new, some go out of business which they are now having difficulties to get back on their feet. Some that borrowed money to startup the business and now in so much debt. If the government no come intervene it will really be an issue.

The Corona virus pandemic has really had a very bad effect on most offline businesses and all of them required government intervention and the most developed countries in the world even had to intervene in the business.

 

[Ehizzy1]

Many company went bankrupt during the period of the pandemic ,so its best for you to make your own resersch as investors before buying shares from a company

 

[Chibson]

The Covid19 pandemic really dealt with a lot of people and businesses. It affected the economy of the world and this affected so many businesses.

 

[Kayzzy3]

The Covid19 pandemic really dealt with a lot of people and businesses. It affected the economy of the world and this affected so many businesses.

That is to say the least, it decimated many economies, ruin lives and crumbled businesses. It delayed many people's dreams and made many loose hope.

Many became depressed because their source of livelihood was temporarily or permanently disrupted. Many had to start developing new strategies altogether.

It's impact was far reaching.

 

[Bookwormlux1]

Some business owners are finding it hard to also get loans these days and this is enough indication that the Covid 19 also affected lenders which causes a situation like this.

 

[Patrik]

well, covid has a huge negative impact on businesses during the pandemic as companies were closed for a very long time, which means no sales and lot of employees to pay

 

[Sotherefore]

there was no need for any business organisation to withdrawed their money during the pandemic periods because the pandemic might not have lasted for a long time, they could have still went back to their business after the pandemic is over.

 

[Razor1911]

there was no need for any business organisation to withdrawed their money during the pandemic periods because the pandemic might not have lasted for a long time, they could have still went back to their business after the pandemic is over.

Nobody likes to withdraw money if they are sure of making good profit over it. Its obvious that people were more cautious due to lockdwom and economic collapse, that's why withdrawn the money.

 

[Sotherefore]

Nobody likes to withdraw money if they are sure of making good profit over it. Its obvious that people were more cautious due to lockdwom and economic collapse, that's why withdrawn the money.

Even with this I will still not withdrawed my money because the pandemic will not last forever, no infectious disease has ever lasted forever and you will still come back to your business, what is the need of withdrawing in then ?

 

[Chibson]

The covid-19 pandemic has affected a lot of business owners in so many ways. It's really made many businesses to lose huge sum of money during the lockdown.

 

[Sotherefore]

The pandemic period has make a lot of people to lose so much money on their businesses because some business we not able to operate normally which can lead to loss of goods and services due to lack of people to buy , it has affected a lot of people .

 

[Razor1911]

The pandemic period has make a lot of people to lose so much money on their businesses because some business we not able to operate normally which can lead to loss of goods and services due to lack of people to buy , it has affected a lot of people .

I wish that the pandemic had never come. the way it affected the economy especially the unprivileged one, people are suffering greatly due to pandemic. Not only the health issues, people are suffering from financial crisis also.

 

[Sotherefore]

I wish that the pandemic had never come. the way it affected the economy especially the unprivileged one, people are suffering greatly due to pandemic. Not only the health issues, people are suffering from financial crisis also.

Seriously there was a lot of hunger in the society,people were on lockdown and people did not have an opportunity to go out to do their businesses that generates them some money, how were you able to manage during the pandemic periods ?

 

[mcjerry]

COVID-19 pandemic really brough lots of break down to most businesses. For in my area only pure water company and table water company are allowed to continue there business with other sellers that sell food stuffs. Other business that can go online went online, those are the ones that sell goods.

 

[babdud02]

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?

Almost all expect of business were affected by the pandemic in almost all part of the world and many loss their investors ,employees and most of their business capital

 

[Senator]

The covid-19 pandemic has impacted businesses very negatively at its unset. The adverse effect is felt generally on both big and small businesses startups and established ones as well

 

[Richard92]

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.

To about 70% of businessman around the world week 19 effect on their finance was negative it around down there business and cost global meltdown.

 

[Chibson]

The coronavirus pandemic really affected a lot of business people in terms of financial aspect. I think there is a gradual recovery now.