Financial Crisis for small businesses due to COVID19
Almost every part of the world, the COVID-19 pandemic has badly hurt lives and businesses of many people. All size companies have faced the difficulty of liquidity, jobs and sales. Particularly small businesses with small size with smaller operating margins have to struggle most with their business. Small Businesses are Facing an Uncertain Future · Shut Downs : - The lock down and health issues had forced many businesses like hotels, café, restaurant, fitness centre, wellness and grooming center to shut down their business. In some places government has banned to open shops and offices due to COVID-19 pandemic times but on other hand where shops, malls and offices are open there is lack of customer due to safety purpose. It has generated many problems for small businesses to withstand the expenses. Even some owners have to shut down their offices and shops. Less Demand: - The market are facing crisis to lack of demand of goods like cars, clothes, accessories, furni