Yelp says that 63% of small businesses won’t be coming back; closed.
I did see that article as well. Posted it to my FB page.
I’m a small business myself. Looking at the numbers for the entire year I am down over 55% from last year. And heading into the New Year isn’t looking any better. It actually is looking worse if that is even possible.
Small business doesn’t need another loan stimulus. Loans don’t help if there’s no business or you are shut down. Lt. Gov said last week during a covid update, go look for a job on the government website. I dunno know...how about getting the world to open back up instead!
While I won’t take the vaccine myself many of my clients will because they need to travel for work. How much of that is going to bounce back remains to be seen. It might be worth revisiting in 6 months.
I have watched several companies in my niche, bigger than mine, just fold-up shop. Gone. Didn’t even bother trying to sell off their client list. Holding on for the turnaround? I need to see an improvement in conditions by March 2021.