The COVID-19 pandemic has ravaged small businesses across the country, and sadly, experts say the worst is yet to come. In one recent survey of small business owners across America, nearly 60% of respondents expect overall economic conditions to get worse over the next year. American banks had to turn away hundreds of thousands of small businesses for Paycheck Protection Program loans. More than a third of small and medium sized businesses are considering reducing their staff, and nearly 40% could reduce employee hours in the next 30 days. Tech+Life Columnist Jennifer Jolly joined us to share some tips and tricks to help small businesses everywhere stay afloat.
For more information on anything Jennifer mentioned, check out her website.
This segment sponsored by Gourvitz Communications.