Chapter
The Impact of COVID-19 on Private Businesses
39:32 - 43:56 (04:23)
The COVID-19 pandemic is having a huge impact on various industries, including food service and construction, leading to massive layoffs and job losses.
Clips
The speaker shares his experience with friends laying off thousands of employees, predicting that the unemployment rate in small businesses may touch 20%, as over a million people have already filed for unemployment.
39:32 - 41:34 (02:01)
Unemployment
Summary
The speaker shares his experience with friends laying off thousands of employees, predicting that the unemployment rate in small businesses may touch 20%, as over a million people have already filed for unemployment.
ChapterThe Impact of COVID-19 on Private Businesses
Episode#61 - How to Buy, Manage and Grow Cash-Flow Positive Businesses + Corona Virus Impact on the Economy
PodcastMy First Million
The struggles of private businesses during the pandemic may not be reflected in the stock market, but they are significant and ongoing.
41:34 - 43:56 (02:22)
Private Businesses
Summary
The struggles of private businesses during the pandemic may not be reflected in the stock market, but they are significant and ongoing. It may take years for many businesses to recover from the economic impacts of COVID-19.