New Report Shows COVID-19 Has Had a Greater Impact on Smaller Businesses
Today we’re releasing the fifth edition of the Global State of Small Business Report which sheds light on how the smallest businesses are facing some of the greatest challenges due to the COVID-19 pandemic. The new report shows that businesses owned and operated by a single person, often called “micro businesses” or “solo-preneurs,” have been more likely to close and experience significant sales reductions compared to other small businesses that have at least one or more employees.
The fifth edition of the Global State of Small Business Report is based on our ongoing research collaboration with the Organization for Economic Co-operation and Development (OECD) and the World Bank.
Check out the full report for more insights on how small businesses are faring.
Nov 20, 2020 at 01:15