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Second phase of U.S. Census Bureau survey on COVID-19 impact on small businesses finds respondents more likely to expect a longer road back to normalcy
Majority of respondents report negative impact on business, but some positive signs such as healthy cash on hand and minimal missed loan payments
Businesses see marketing/sales and additional capital as key future needs
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Many businesses have moved to adopt e-commerce after physical locations shuttered or restricted due to COVID-19 pandemic
Online retail offers a continuing revenue stream and opportunities for more individual connections with customers
Transition requires business owners to determine what they’ll sell online and make sure their customers are aware of the offering
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Survey finds that a large share of small businesses have stopped accepting cash and transitioned to contactless payments during the COVID-19 pandemic
Younger customers are more likely to accept cashless transactions and favor companies that require no direct interaction for payment
Two-thirds of businesses try a new approach during the pandemic, primarily involving a pivot to digital
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This course takes you through the steps of how to sell or close your business
For the entrepreneurs looking forward to the day they hand over the keys or cease operations
Helps you learn about business exit strategy, transferring ownership of business, steps to closing business, and preparing sales agreement
Learn different sales strategies that will work with your business
For the entrepreneurs who want to use marketing techniques to improve the sales
Helps you understand different sales strategies that will work with your business
