One on One Interviews

Laurie McCabe Of SMB Group - 43% of Small Businesses Closed Temporarily, How Many Will Come Back?


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We found out today 20.5 million jobs were lost in April due to the ongoing Covid-19 pandemic. And many of those jobs were people working at one of the nation’s 30 million plus small businesses. And, according to a recently released report by the SMB Group, Impact of COVID-19 on SMBs: Navigating a Path Forward, 43% of small businesses temporarily shut down due to the shelter-in-place orders many states put in place in response to the deadly outbreak.
But possibly the biggest unknown going forward might be just how many of those businesses will be able to open back up again, which SMB Group co-founder Laurie McCabe and I discussed earlier this week during a LinkedIn Live conversation. Laurie shares some of the key findings from the study, including how some small businesses are turning to certain technologies to help them not only survive, but also thrive even during the worst economic downturn since the Great Depression.
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One on One InterviewsBy Brent Leary and Small Business Trends

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