The coronavirus pandemic has hit the world by surprise. This pandemic is also changing the way people run their businesses. Experts are still trying to assess the magnitude of financial loss caused by the COVID-19 crisis.
One part of the economy -the small businesses- are going to be the most affected thing by this crisis. These businesses are yet to see harder days as the full affect of this unpredictable situation unfolds. This crisis is unique in itself, and the businesses have never gone through a phase like this. This situation is pressing the entrepreneurs and small business owners to adapt to these changes. They’ll need to do things differently in order to survive this situation.
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