COVID-19 impact on the Business Industry

This Article talks about the impact of covid-19 pandemic on small businesses. This information is supported by the theory of Abed S.S. (2021), which says that the covid-19 pandemic had a profound impact on every aspect of human life especially when it comes to the business industry and because of the covid-19 pandemic, all sectors of the businesses are affected, whether it's big or small businesses.

According to John Paul Flamiano, Jamil Paolo Francisco, et al (2021), added that this crisis facing the global economy had a profound impact on the mainstream industry that resulted in business reform and the collapse of small businesses, so amid such challenges, many small businesses suffered losses, because they are struggling to cope and continue their business which they have previously been working on.

According to a foreign study by Fairlie, Robert. (2020), titled The Impact of Covid-19 on Small Business Owners: Evidence from the First Three Months After Widespread Social- Distancing Restrictions, the United States government has responded to the concerns of small businesses through certain programs such as Paycheck Protection Program (PPP), Economic Injury Disaster Loan Program by the Small Business Administration, Johnson Enterprises, PayPal with a partnership of the Association for Enterprise Opportunity, and especially Google company. These companies and programs provide financial assistance for small business people so they can continue their business that can lead to maintaining their country's economy.

Therefore no matter how serious and big the problem that is facing by each and the whole world, as long as we all help each other and care for each and everyone there is a good chance that we will be able to solve any global problem similar to the current pandemic we are facing. Keep on moving everyone and always put in you're mind the positivity in life, keep safe and God bless 🥰.