Can Small Businesses in the US Survive Without Help from the Government?

The Covid-19 pandemic has been the catalyst to a lot of issues being raised in the United States. State and local government officials have issued orders urging residents to remain in their homes with the exception of essential errands. Businesses that are deemed “non-essential” have been forced to close their doors without hope of re-opening any time soon.

Many businesses will be fine with their doors closed to customers during shelter-in-place orders. However, small businesses rely on their daily income to make ends meet. Many small businesses cannot survive a lengthy shut-down and without government assistance, they are going to wind up going under.

Small businesses are important to our nation’s economy. They employ millions of United States citizens and contribute trillions of dollars to the faltering economy. If small businesses are forced to close their doors for good, then not only will millions of Americans be left without a job, the economy in general will suffer greatly from more than one angle.

Many are asking themselves, how can small businesses survive without the help of the government? There is a strong possibility that many small businesses will not be able to open their doors again after all of this is said and done. However, there are a few things that small business owners can do to try and salvage their business during this time.

You might be able to reach out to investors for help. There are also options for small business loans that could help you get through this difficult time. Be sure to compare business loan options before you commit.

You might have to think outside of the box a little bit, but there may be a way to recoup some of the cash you have lost during this time. Is there a way to provide curb-side pick-up for your small business? Can you utilize delivery options to regain some customer’s regular income? Use your resources to think of ways to continue offering your goods and services to your community.

Be sure that if you did not already have a presence on the web, you start to build one now. Utilizing E-commerce is a good way to build your client base in general. However, during a pandemic people are shopping from their homes more often than ever before. For this reason, having a strong presence on the internet and on various social media sites is a good idea. Using social media to clear out inventory can actually be a great resource during all times of year, not just during a global crisis.

Reach out to the people who represent your state and area in the government. If you want the government to offer stimulus-like funds to small businesses, then you should make sure that they hear your voice. Do not be a silent participant.

Final Thoughts

Running a small business is a scary adventure to start with. Small businesses are risky and the thought of failure is often too big for many to even consider. A closure of significant time could be extremely detrimental to the success of a small business. Do the best you can to protect your small business from failure during this tough time.