» SMBs and Covid-19 ImpactLandon Howell | A blog about startup marketing

SMBs and Covid-19 Impact
May 19, 2020

Facebook surveyed 86,000 people who own or work at SMBs on the effect of Covid-19 on their operations.

31% of SMBs have stopped operating in the last three months

52% of personal businesses have shut down

36% of SMBs reported conducting all of their business online (which is something Shopify and others have seen)

74% of surveyed employees said they did not have paid sick leave, but that number jumps to 93% for hotel, cafe, and restaurant industries

45% of owners/managers at small businesses said they’ll rehire the same staff when they reopen (yikes)

11% of operating businesses predict they’ll fail in the next three months given current conditions (this seems unreasonably optimistic)

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filed under: business, statistics


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