by the 10,000 Small Business program found that 52% of small business owners stopped paying themselves in an effort to keep their businesses afloat, while 42% have been forced to lay off employees or cut pay.
“We have this barbell effect economically, where many large businesses that are really playing for the digital economy are really benefiting. At the same time, there are tons of small businesses that have been really hurt by the pandemic,” says Solomon. To that point, a recentfound businesses that embrace digital tools can expect four times better revenue than their counterparts who do not.
“The market is basically pricing in a lot of recovery when you look at the stock market —but you can’t just flip the light switch on and off and turn on the activity for small businesses that easily.”Looking ahead to the new year, Solomon expects to see progress, propelled by a big pickup in economic activity.
Until then, small businesses wait for a new coronavirus relief package—financial assistance without which an estimated one in 20 will close, according to the International Franchisee Association—and Solomon, too, will eagerly await Washington’s next move. “I would really like to see Congress provide more support for small businesses as soon as possible,” he says. “I’m a big believer in progress over perfection.
GoldmanSachs WallStManeet You support Senators who decided not to give us more money, thanks Humana, you guys should be ashamed. Did you all know they support Mitch Mcconnell, who is easily the most hated man in Politics due to the fact he blocked people life saving money in a time oi crisis
WallStManeet timing TickTock
GoldmanSachs WallStManeet Hard to believe Goldman can even reach the next generation of small business.... They discourage contact with anything 'small.' Remember the movie Wall Street?
WallStManeet Sure sure
WallStManeet $xBio let's get it
WallStManeet ❤️💐🙏🎊
WallStManeet thegreatreset in full swing
WallStManeet Genuinely interested to see Goldman help the plebs Bitcoin seems like the right distribution and store of value item Waiting patiently
WallStManeet So generous of them
My_Eyes__Only14 WallStManeet This is one of those buy low sell high opportunities for them
WallStManeet Total Complete Bull Shit
WallStManeet Yeah, and they have some magic beans to sell you too!
WallStManeet I'd be afraid - very, very afraid of these criminals.
WallStManeet Forbes owner and Goldman Sachs are Biden supporters.. I don't believe anything they say.. they're DEMONIC
WallStManeet
WallStManeet Lol fuck them
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WallStManeet