As small businesses strive hard to sail through the economic havoc wrecked by Covid-19, current research indicates that small businesses are optimistic about the future.
Up to 75% of small business owners endorse the fact that if a crisis like the Covid-19 were to occur again,they would be better ready to handle it. This is corroborated by the survey from the Society for Human Resource Management.
In addition, 52% of small businesses expect to recover to preCovid-19 profitability within a few months.
These optimisms are credited to a director at the Society for Human Resource Management, saying "Covid-19 has been a big driver of innovations. Many small businesses surmounted the limitations of Covid-19 by inventing new products and new delivery methods-"change is inevitable".
According to the Society for Human Resource Management, 43% of small businesses have evolved new ways of promoting their brands digitally, including partnering with minority and social media organizations.
Not only has the Covid-19 spurred innovations, but also led to an upward trend in reskilling and upskilling. The survey found that 22% of small businesses have asked employees to learn new skills to support changes in their businesses-"opportunities out of adversities".
Despite all odds of Covid-19 pandemic, the manner in which small businesses have been able to successfully weather the storm has made them optimistic about the future, in addition to the supports they have gathered from their local communities. A lot of people put their money where their mouth is and really work hard to support local businesses this time; according to the survey.
Well, that's the bright side of every person and businesses, no matter what happened we should always stay positive and think postive. COVID-19 will searves as a lesson and preparation for something that might happen in the near future.