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Will Your Business Survive COVID-19?

Restricted to takeout and delivery, almost one in 10 restaurants across the country have been forced to permanently close. That’s according to Restaurants Canada, who says 18 per cent more could shutter by the end of this month.

A survey of 10,969 Canadian small businesses from the Canadian Federation of Independent Business, released Wednesday, April 14, 2020, indicates about 22 per cent of small businesses have had their revenue drop to $0 during the pandemic, while only half are confident their business will survive to the end of May under the current conditions.

“The risk of otherwise healthy businesses failing is getting worse by the day as bills are piling up with little or no revenue coming in,” Laura Jones, CFIB’s executive vice-president, said in a news release.

Still, Jim Cormier, director of the Retail Council of Canada’s Atlantic chapter, said COVID-19 could continue to claim businesses even after restrictions are lifted.

“There are some retailers that won’t be able to rebound from this,” he said. “You’ll then be dealing with, potentially, slower sales as society is getting up and running again and maybe months’ worth of payments that are now due.”

If Your Business Does Survive

What are you going to do differently to:

Do You Know Who Your Customers Are?

It’s Your Business!

Plan To Make It Successful!

If You Own An Independent Local Business
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Your Continuing Business Success May Depend On It!

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