45% of small businesses are earning less than half their pre-COVID revenue

45% of small businesses are earning less than half their pre-COVID revenue
Reading Time: < 1 minute(Last Updated On: October 14, 2020)

In their monthly report on the impact of COVID-19 on small businesses, Alignable released some eye-opening statistics. The effort to recover from the economic shockwave left by the Coronavirus outbreak and subsequent lockdowns has been a tough one.

Nearly half of all small businesses surveyed say that their revenue levels are either half or less than half their pre-COVID levels, and a whopping 42% may not even make it to 2021.

It’s not all bad news though, as some businesses (14%) actually reported a positive impact from what most are referring to as the Coronavirus crisis. There’s a lot more where that came from – get the full report here.

Disclaimer: The information contained in this article is provided for informational purposes only, should not be construed as legal advice on any subject matter and should not be relied upon as such. The author accepts no responsibility for any consequences whatsoever arising from the use of such information.