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 Current Population Survey—the first month fully capturing early effects. The number of active business owners in ...
The public and private sectors have taken significant steps to support small businesses and their employees. They have made some resources available to help small business weather the immediate crisis. There is still a long journey ahead. More should be done to understand the underlying fr...
small businessTo explore the impact of COVID on small businesses, we conducted a survey of more than 5,800 small businesses between March 28 and April 4, 2020. Several themesdoi:10.2139/ssrn.3570896Bartik, AlexanderBertrand, MarianneCullen, Zoe...
To explore the impact of coronavirus disease 2019 (COVID-19) on small businesses, we conducted a survey of more than 5,800 small businesses between March 28 and April 4, 2020. Several themes emerged. First, mass layoffs and closures had already occurred—just a few weeks into the crisis....
businesses appear to be more concerned about the impact the pandemic will have on their own businesses, according to McKinsey’s US Small Business Pulse Survey: 58 percent of minority-owned small businesses are “extremely” or “very concerned” about the financial...
2020b. “The Impact of Covid-19 on Small Business Owners: The First Three Months after Social-Distancing Restrictions.” National Bureau of Economic Research Working Paper 27462. Farrell, Diana, and Christopher Wheat. 2018. “Bend Don’t Break: Small Business Financial Resili...
While the business impact of COVID-19 has varied depending on industry, there's one group that has been hit particularly hard in America: women-owned small businesses. According to arecent surveyby the U.S. Chamber of Commerce, the number of female business owners who ranked their business'...
However, gauging the impact of COVID-19 on SMEs is particularly challenging because these enterprises are both plentiful in number and small in size. The spread of the virus has made it impossible to physically survey the SMEs. One way to circumvent this challenge is to conduct online surveys...
“After analyzing the impact of this crisis, I believe that it is high time that we diversify our businesses. The most important thing about this crisis is that you learn how to give importance to every detail that happens in our personal life, in the business, in our careers, and in ...
Biggest Lessons Small Business Owners Learned from the COVID-19 Pandemic Written By: Carol Roth Every small business out there is dealing with the impact of COVID-19 in some capacity. So, we thought it would be beneficial to reach out directly to the small business community and find out...