How are small business adjusting to covid -19? early evidence from a survey / Muhammad Syamil ‘Azim Abdul Ghafar

Abdul Ghafar, Muhammad Syamil ‘Azim (2020) How are small business adjusting to covid -19? early evidence from a survey / Muhammad Syamil ‘Azim Abdul Ghafar. [Entrepreneurship Project] (Unpublished)

Abstract

The article indicates that the year 2020 is a worse global recession that could be even worse than Financial Crisis (2008 – 2009). This happens due to the disease known as coronavirus that started in Wuhan, China in 2019. These viruses killed people’s lives which we do not know how we got infected by this kind of disease. The coronavirus or COVID-19 not just only presents a significant threat to humans in terms of health but almost killed the businesses throughout the world. We can see from the news almost all the countries been lockdown to prevent the spread of coronavirus. Most of the company has to be temporarily closed, some of the factories need to be temporary shutdown, a small business cannot operate and most of the activities had to be postponed in dealing with the crisis. Due to this crisis, many companies have made adjustments to their business operations and work procedures like work from home so that their employees continue to press on this difficult time. The article also discusses how businesses deal in this pandemic situation, how the businesses struggle to maintain their cash flows and to survive in the industries. Therefore, being an entrepreneur was not an easy as ABC because a lot of things need to be handled, more projects should be developed, and more employees need to pay off so that the business can be sustained for the long term.

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Item Type: Entrepreneurship Project
Creators:
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Abdul Ghafar, Muhammad Syamil ‘Azim
2019324985
Subjects: H Social Sciences > HB Economic Theory. Demography > Business cycles. Economic fluctuations. Economic indicators
H Social Sciences > HF Commerce > Business
Divisions: Universiti Teknologi MARA, Perlis > Arau Campus > Faculty of Business and Management
Keywords: Businesses Deal ; Pandemic Situation ; Small Business Adjusting ; Covid -19
Date: 11 November 2020
URI: https://ir.uitm.edu.my/id/eprint/37372
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