Title:
COVID-19 National Small Business Survey reveals deep challenges for Small Businesses
Published:
The Small Business Site, 6 April 2020
From the article:
Findings from the pre-lock down COVID-19 National Small Business Survey released by the National Small Business Chamber (NSBC) shows deep economic challenges for small businesses during these unpredictable times.
A summary of the impact the COVID-19 pandemic is having on small businesses:
90% urgently need cash-flow and/or funding to sustain their business
89% have a drop in sales due to either no or much fewer customers
86% are already experiencing the negative effects of COVID-19
66% of import/export trade affected
61% are in a financial crisis
23% have already laid-off their work-force, but indicated that this will increase dramatically in the upcoming weeks ahead
To read this article:
https://www.thesmallbusinesssite.co.za/2020/04/06/covid-19-national-small-business-survey-reveals-deep-challenges-for-small-businesses-2/