Only 63% of respondents’ businesses have been profitable in 2020, compared to 78% within the previous year. However, despite this concerning drop in the number of profitability, 78% of small business house owners count on their business to outlive through the pandemic, while only 4% anticipate their businesses to fail. This yr, Guidant and the SBTA surveyed over 2,four hundred current and aspiring small business house owners nationwide with our annual Small Business Trends survey. We asked small business homeowners questions ranging from their experiences all through the COVID-19 pandemic to their confidence in business given the present political landscape. I was so impressed with the knowledge, care and a focus invested by your group – and the conscious follow-up.
In 2020, as the pandemic obtained its start, four.4 million business purposes had been filed. Many of the provides showing on this website are from advertisers from which this web …