Quote:
Originally Posted by retiredguy123
I don't understand how the Federal stimulus bill will really help a small business to survive. You can pay your employees, but they are not doing any work for you. You can get a loan, but you still need to pay your rent and other fixed expenses with no income to offset them. Many businesses are stuck with a multi-year lease. When you reopen in a few months, will your customers come back? And, what about your employees? They may decide to do something else. I think a lot of small businesses will be gone forever.
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Very sad and very true. This pandemic will sadly serve to push the inevitable up by a few years. Unfortunately the writing has been on the wall for small non-service businesses for years. Not referring to government defined (under 500 employees) small businesses but TRUE small businesses with just a few employees. If anyone here belongs to the Segway club and read the email from a few days ago you'd see the loss of small business is already here.
