As of April 3, 2020, the U.S. Chamber shared some sobering stats after surveying small business owners across America.
The following results were revealed in their Special Report On Coronavirus and Small Business.
One quarter of small businesses already shut down. One in four (24%) small businesses have shut down temporarily in response to COVID-19.
More temporary shutdowns likely in coming weeks. Among those who haven’t temporarily shut down yet, 40% report it is likely they will do so within the next two weeks. This means a total of 54% of all small businesses report they are closed or could close within the coming weeks.
Clock ticking on permanent shutdowns. Forty-three percent believe they have less than six months (including one in ten that say they have less than one month) until a permanent shutdown is unavoidable.
So you can read these stats and see them for the unbelievable reality that they are or you could ask… what are the other 76 or so percent of businesses doing that are keeping their doors open? Those that are not just surviving but actually thriving in this season? It really all comes down to ONE WORD! Agility.
“Success today requires the agility and drive to constantly rethink, reinvigorate, react, and reinvent.”