What’s A Small Business?
However, despite this regarding drop in the number of profitability, 78% of small business homeowners anticipate their business to survive through the pandemic, while only 4% expect their businesses to fail. Twenty-three % of respondents reported that they skilled a lack of revenue in the course of the pandemic, whereas 6% reported increased income. Eleven % of small business homeowners surveyed have lowered their budgets while another 11% even temporarily closed their business. Ten % of business house owners reduce their own wages, more than the 6% who furloughed staff or the 5% who wanted to implement layoffs.
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