How are your business finances affected during the COVID-19 pandemic?
As a business owner, how has COVID-19 impacted your business finances? Which challenges are you facing and what are your actions to overcome them?
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Feb 2, 2021
I believe that many businessmen have been forced to me their strategy. Lockdown was particularly strict with cafes and restaurants in the past year. Many owners were forced to tighten sanitary regulations to be allowed to play. These are always unnecessary costs. But there are no other alternatives here. My acquaintance restaurateurs began to use steam cleaning of all surfaces because the covid can fall there and this also be bad for your health. If you look at the situation as a whole, those who were able to make delivery remained in the black.
Aug 7, 2020
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Aug 3, 2020
Covid 19 has effected 90% of small businesses and their finances, including ours.
The primary challenge is to find new customers. We had requested a 25% reduction in the salary of our staff for 3 months, which they have agreed. This helps us to avoid layoffs.
Jul 26, 2020
Hi Stacey,
Many startups that we work with have gotten lean. If you are in an industry directly affected you might be furloughing parts of your team. If not, you are at least looking to reduce overhead and extend your runway. Most companies I am talking with are looking for a year+ in runway on the tech side.
-Sean
Jul 25, 2020
I was running a restaurant. We are completely closed. I'm looking for a new job.
Jul 25, 2020
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