Small business owners are nothing if not intrepid. They demonstrate their flexibility no matter what situation arises. Their resiliency has never been more apparent than in recent months as they encountered setbacks related to COVID-19.
To determine the specific challenges owners have and continue to face, the Florida Small Business Development Center Network, the state’s principal provider of small business assistance, recently partnered with the Florida Chamber Foundation and the University of West Florida Haas Center to survey nearly 5,000 business owners about the effects of the pandemic. The results were telling:
• More than 50% of businesses closed for some period of time
• Sadly, about 40% of businesses closed permanently
• 85% of businesses reported losing revenue
• 45% reported being concerned about operating in the future.
The Florida SBDC Network has worked diligently to help small businesses rebound and... Read more >>