As business owners, this isn’t a great time to be in business for most people. Now there are exceptions of course but most businesses are really impacted by COVID-19 and the shutdown of the economy for the last 3 months.
Businesses in retail, travel, transportation, events, and restaurants have been driven to bankruptcy.
Erik had been reading that a lot of these businesses were already on the brink of bankruptcy for years before COVID hit. The businesses that were in bad shape before going in are probably not going to exit at all or will exit in bad shape.
Here’s the bottom line: if you can survive this, then you got it and you will flourish. Keep your head up and think about the positives. Think about what you can do differently when you reopen. Do what you need to do to survive then take advantage of the opportunity that will come afterward.