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❓ASK The loss incurred by businesses during the pandemic

AudraMiller

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There are many businesses that suffered greatly because of the global pandemic and the fact that they had to close their doors during this period as well. Many people and countries actually went into a lockdown phase where no one was allowed to leave the house and therefore businesses were greatly impacted. Do you think the pandemic actually affected physical business is much more than could have been anticipated because they still had to pay for items such as rent on a property which they were no longer using? How do you think this could have been managed?
 
Government in so many countries helped a lot of businesses to get back to their feet after the impact of the coronavirus pandemic. popular businesses in this part of the country is also trained as much as possible to put a lot of things in place in order to ensure the safety of their customers and that alone will helped a lot.
I think the government helped major small business scheme grow , because the pandemic hit was too much ,but although it was not every country that provided the framework ,only few countries actually helped in the safety of their customers and I think it really helped a lot ,some business were able to recover
 
I think the government helped major small business scheme grow , because the pandemic hit was too much ,but although it was not every country that provided the framework ,only few countries actually helped in the safety of their customers and I think it really helped a lot ,some business were able to recover
Many countries, especially tier 1 countries were very proactive when it comes to handling the issue of the coronavirus pandemic. They brought out policies that helped a lot of businesses to grow within that period. Their economy even continued to grow amidst the coronavirus pandemic and I think that is laudable.
 
Many countries, especially tier 1 countries were very proactive when it comes to handling the issue of the coronavirus pandemic. They brought out policies that helped a lot of businesses to grow within that period. Their economy even continued to grow amidst the coronavirus pandemic and I think that is laudable.
it's really laudable ,the only help I knew my government offered then was giving loan to small business to launch their business ,as they face hit of the pandemic ,they were also asked to pay little interest after they have been given the loan to pay ,hopes the economy improves despite the pandemic infulence
 
The covid-19 pandemic was a big blow for alot of economies because there was no flow of business and in turn this reduced ease movements of goods more especially in the tier one where the was total dependance on delivery services and takeaways from restaurants and other fast foods.

Tier three countries ;goods that where imported took long to arrive and this made alot of business to stall.
 
it's really laudable ,the only help I knew my government offered then was giving loan to small business to launch their business ,as they face hit of the pandemic ,they were also asked to pay little interest after they have been given the loan to pay ,hopes the economy improves despite the pandemic infulence
Giving some funds to little businesses or new startups is also a very good strategy and that can help to boost the economy of a country if it is done the right way. any government must try as much as possible to implement policies that would boost its economy because the pandemic really dealt with a lot of countries.
 
Giving some funds to little businesses or new startups is also a very good strategy and that can help to boost the economy of a country if it is done the right way. any government must try as much as possible to implement policies that would boost its economy because the pandemic really dealt with a lot of countries.
Yes definitely good policies are to be created to grow the economy ,most government needs to note that the economy is really facing a hit and the economy needs that growth , helping smaller business would really go a long way when it comes to development of the business
 
The pandemic affected my own business negatively during the total lockdown that lasted months, no one was able to breathe in much outside, we were locked up in order to curb the spread of covid-19. It was just a disaster to see my potential business crumble due to the pandemic. I'm hoping to get back soon, I'm saving up.
 
Yes definitely good policies are to be created to grow the economy ,most government needs to note that the economy is really facing a hit and the economy needs that growth , helping smaller business would really go a long way when it comes to development of the business
The government in my country gave small businesses some loans in order to sustain and start up new businesses during the Corona virus pandemic and I think it went a long way in sustaining the economic growth. Trying as much as possible to raise and sustain small businesses is one of the policies in which the government of any country should take very seriously.
 
The government in my country gave small businesses some loans in order to sustain and start up new businesses during the Corona virus pandemic and I think it went a long way in sustaining the economic growth. Trying as much as possible to raise and sustain small businesses is one of the policies in which the government of any country should take very seriously.
good to see your government also considering such ,I even wish government could consider putting such thing in budget from the start ,like a fixed amount that would be allocated to the business that is been affected and others ,it's all going to be good , the government need to take things seriously ,most small business were affect all over the world
 
There are many businesses that suffered greatly because of the global pandemic and the fact that they had to close their doors during this period as well. Many people and countries actually went into a lockdown phase where no one was allowed to leave the house and therefore businesses were greatly impacted. Do you think the pandemic actually affected physical business is much more than could have been anticipated because they still had to pay for items such as rent on a property which they were no longer using? How do you think this could have been managed?
Most people lost during the pandemic most people lost so well and I don't think they can recover and some people even spend their life cash and some businesses let's take for example there are some goods that can expire but ever since the pandemic no one could go out no one could go elsewhere they goods will spoil in the house and no one to get it and eventually the person has lost the money
 
Most people lost during the pandemic most people lost so well and I don't think they can recover and some people even spend their life cash and some businesses let's take for example there are some goods that can expire but ever since the pandemic no one could go out no one could go elsewhere they goods will spoil in the house and no one to get it and eventually the person has lost the money
exactly and the issue is that it's a total loss , because it's really wrong to sell expired goods ,I think probably the reason some companies contributed food for the people in food bank during the pandemic , because they know that keeping those foods would actually just turn to wastage ,as it could expire
 
It is just important that people should be able to see it as an unforeseen events and then tried to pick their self out of it slowly. I will advise that you should not try to take too much risk at this point in time but everything that you are doing should be safe and then you should try as much as possible in order to save more money so that you can gradually pull yourself out.
 
It is just important that people should be able to see it as an unforeseen events and then tried to pick their self out of it slowly. I will advise that you should not try to take too much risk at this point in time but everything that you are doing should be safe and then you should try as much as possible in order to save more money so that you can gradually pull yourself out.
most times too much of everything is bad ,so it's best to only risk what you can afford to lose then at the end of the day you are good to go , cryptocurrency comes with so many risk ,and without proper management the loss would keep increasing ,most times I buy signals just to stay safe from not making huge loss from trading
 
It is just important that people should be able to see it as an unforeseen events and then tried to pick their self out of it slowly. I will advise that you should not try to take too much risk at this point in time but everything that you are doing should be safe and then you should try as much as possible in order to save more money so that you can gradually pull yourself out.
Nobody can ever forsee the circumstances that happened during the pandemic, So there are some other unforseen circumstances that we should prepare for as an entrepreneur, and that's why a business should have a reserved fund in case of unprepared circumstances.
 
most times too much of everything is bad ,so it's best to only risk what you can afford to lose then at the end of the day you are good to go , cryptocurrency comes with so many risk ,and without proper management the loss would keep increasing ,most times I buy signals just to stay safe from not making huge loss from trading
I have learnt that same lesson in gambling and I brought the idea straight into my business, and it has been working till now , never get greedy in business and always do business with the amount you can afford to loose because it will be bad of you loose all at once.
 
I have learnt that same lesson in gambling and I brought the idea straight into my business, and it has been working till now , never get greedy in business and always do business with the amount you can afford to loose because it will be bad of you loose all at once.
exactly it's the best policy to adopt , you should invest only what you can afford to lose , gambling comes with great risks ,I think the best teacher is experience ,some people would think it's proper to invest all their money in gambling not until they make huge risks ,not knowing gambling comes with great risks
 
One of the major reasons why people failed was because of the uncertainty that was presented at that point in time. The virus was spreading at a very high rate and a lot of people were panicking and did not make crucial business decisions as lock downs were already implemented in some locations.
 
One of the major reasons why people failed was because of the uncertainty that was presented at that point in time. The virus was spreading at a very high rate and a lot of people were panicking and did not make crucial business decisions as lock downs were already implemented in some locations.
No business entrepreneur plans to fails in their becuase we are actually in the business to make money , but due to some uncertain circumstances that leads to failure and it also leads to panicking most especially crypto currency investors selling their coin due to being scared when they heard the price will be reducing .
 
No business entrepreneur plans to fails in their becuase we are actually in the business to make money , but due to some uncertain circumstances that leads to failure and it also leads to panicking most especially crypto currency investors selling their coin due to being scared when they heard the price will be reducing .
Of course, before anyone ventures into a business he or she must have expectations that the business will become successful. but even at that it is always important to be prepared for uncertainties because they will definitely come and any business man that is not prepared for it will not survive.
 
A good business entrepreneur must always be positive of having a good business outcome if he or she follow the due processes and makes the neccesary research and plan before starting the business and must also prepare for the uncertainty.
 

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