Over half of small businesses worry social distancing will hurt their chances of survival: Survey – IOTW Report

Over half of small businesses worry social distancing will hurt their chances of survival: Survey

CNBC:

Governors across the U.S. are allowing restaurants to reopen, some limited to outdoor dining but others at full capacity. A new survey shows one reason why there’s pressure to get Main Street businesses like dining back to normal: over half (55%) of small business owners are worried that continued social distancing measures that limit business capacity will harm their survival chances.

That’s according to a new survey from Verizon Business, released on Monday, that was conducted by Morning Consult and focused on 600 small- and medium-size businesses that are currently open or plan to reopen. The national study was done Aug. 26 through Sept. 4, 2020 and surveyed businesses in a wide range of industries from construction and retail to restaurants, bars and real estate. more

8 Comments on Over half of small businesses worry social distancing will hurt their chances of survival: Survey

  1. And governors that won’t let them operate at all. Bars are still closed in Texas unless they pay almost $800 to reclassify themselves and sell 51% food. Time to free everyone and let the people and free market figure it out.

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  2. The government shutdown of the economy has fundamentally disrupted the business models of lots of industry sectors. In some cases, it might be good. For instance, the cost and value of higher education is finally being looked at. The unreliability of China as an economic partner and as a world citizen will cause the onshoring of some manufacturing or at least moving some of it out of China.

    Other trends are more mixed or negative. The Amazoining of retail will continue with lots of small retailers not making it; even some of the national chains are toast. A lot of the retail space will be converted to distribution space to accommodate the online retailers’ delivery models.

    Remote work will have a dramatic impact on office buildings in downtown areas in all sizes of towns and cities. With fewer of those office workers around, many of the restaurants and bars are in trouble.

    We are in for an interesting three or four years as all of this sorts itself out. Like all big disruptions, there will be winners and losers, but in the end the talent and hard assets will all get redistributed. That’s the beauty – and heartache – of the free enterprise system.

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  3. And the shame is none of this needed to happen. Some of the trends I cited above were already underway but got put on steroids because of the disruption caused by the government shutdowns. A lot of businesspeople lost their entire life savings because of the lying bastards in China and the overreaction of our state and local governments.

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  4. I went to Ace Hardware today here in metro Atlanta. Nobody was wearing masks, neither employees nor customers. It was so cool. I hope it’s trending. Ten miles further away than Home Depot, but I’m making a list of things I need.

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  5. @ Thirdtwin

    Jealous, I am. Yesterday I shopped for food and put my neck gaiter on at the truck. I never raised it to cover my face and no one said a word the whole time, but everyone else had masks on.

    If cross contamination was a thing, we’d all be sick by now in Dallas. No one is doing it right and the store employees would be dropping like flies. Hardly anyone wears disposable gloves and more of your breath goes out the sides of the mask than through it. At best, flying spittle has been reduced.

    I’ve been working with applying chemicals since 1986. When I mess up with my PPE – I know very quickly from skin reactions or other symptoms with sinuses/lungs. I wear a respirator when needed and NEVER wash those clothes with any other clothes, especially not underwear.

    This is stupid stuff we’re being subjected to. Might as well perform a good luck dance before going out in public. Just as effective.

    I’ve had an aversion to touching common public surfaces since childhood. Especially restroom surfaces, but the self-checkout stations are a hot spot of sharing between the most people at a time. I wear ONE glove for the touchscreen and scanner and none for personal items like my phone and credit cards. I toss gloves after every use. If they aren’t doing that, then they aren’t doing anything helpful to themselves. They are dirtying up their personal spaces if they wear them driving or at home after being out. But most have stopped glove usage altogether. So, where is the protection then?

    One plus from all this – I know who to charge full price by sight now.

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  6. Wait… Thirdtwin’s post was before mine when I posted it.

    I’m looking psychic the way it is right now. Whahappen? We break the matrix today?

    ____

    Edit:

    Ohhh, I get it. New comments on top at the moment.

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