For weeks after the COVID-19 threat hogged the headlines in several countries. We were not spared from the deadly disease. And the proclamation of the enhanced community quarantine may just be the best decision made by the president to prevent the spread of COVID-19.
Businesses, however, are now suffering because of the lockdown. Businessmen are concerned with the welfare of their family and employees, and of course, the survival of their firms. The enhanced community quarantine has led economists to talk about the possibility of a recession. Consumption is down, many businesses are not getting any revenues, many workers may eventually lose their jobs.
The huge malls have sent out an advisory stating that their main store would be closed until further notice while supermarkets, drugstores, and banks will continue to serve people at shortened times each day. Let’s just say, a certain company is still able to provide the needs of the people because they have enough resources to make their products. However, the spending ability of consumers will not be the same.
Nope. It's only a difficult test for people running businesses. This should be a walk in the park for real entrepreneurs.