Originally written by Anna Jordan on Small Business
This year has been tough for small business owners – not only have they had to deal with the normal challenges of running a business, but they’ve also had to tackle the hardships that have come with COVID-19.
We’ve joined up with the UK Domain to discover just how these entrepreneurs have been feeling.
COVID-19 and its effects on small business owners
While we were looking into wellbeing, we wanted to understand how COVID-19 has impacted small businesses.
The pandemic has touched all areas of life: health, family, lifestyle and, in a significant way, business.
When we asked you, just shy of half (48 per cent) said that COVID-19 has had a ‘severe impact’ on their small business while 35 per cent said it has had a ‘major impact’. A tiny two per cent said that it has only had a ‘minimal impact’.
As we all know, the consequences of COVID-19 are vast, and this is reflected in our results. Most small business owners worried about adapting their business to these changing times (27 per cent). This was followed by the stress of supporting employees (18 per cent) and confusion over the help available (17 per cent).
Some respondents elaborated