entrepreneurship and small business management pdf download

This virus has triggered a substantial short-term economic contraction, shuttered many firms, whether big or small, thrown tens of millions out of work, and has other effects on business activities. It is a systemic shock with profound implications, both in the short- and medium- to long-term. COVID-19 is a massive health crisis BUT also much more.

This virus is highly transmittable and has spread with inconsistent progress in every corner of the world without any variance. Based on different reports, it is the most horrible global crisis since WW II. Reduce expenses be open to their employees about their finances and keep marketing, use different alternatives to deliver their product, and recover from the crisis.ĬOVID-19 is shuddering the world economy and it is a pandemic making a giant distractions to life and livelihoods as well as social and economic systems in the world. Besides, small business owners should manage expectations and communicate with staff, suppliers, banks, and customers throughout this coronavirus frightening. To support these businesses, the government should use different mechanisms by cooperating with wealthy peoples and other non-governmental organizations. The secondary data analysis result shows that many small and large businesses are suffering challenges and this unprecedented coronavirus crisis has caused destruction for many businesses in the globe and it is challenging to survive with reduced revenue, jobs lost and life slowing down and weak marketing performance even difficult to keep a calm head and their business alive. Furthermore, this study was conducted through both qualitative and quantitative research approaches. Methodologically, the study deployed secondary data analysis following a descriptive research design.

Mainly this study was aimed at demonstrating the challenges of small businesses during the corona virus pandemic in developing countries, specifically in Ethiopia.

Entrepreneurship and small business management pdf download