eTopical Precious Finds
Did you know that nearly 30% of small businesses closed their doors during the pandemic? 96% of small businesses were affected overall between mass layoffs, lack of sales, and permanent closure. Businesses that are run by women or minorities are at an increased risk of being affected by lack of business due to the pandemic even now. Luckily, there is a brighter future ahead for these small businesses.
While physical stores were suffering due to social distancing policies, online businesses were booming. Americans created 2.8 million more online microbusinesses in 2020 than they did in 2019. These businesses were able to support small business owners in a time where many were suffering due to decreased sales and having to lay off a significant amount of their employees.
Even now, digital agencies are growing, and fast! 67% of microbusiness owners are looking to grow their businesses full-time. Many experienced mass success during the pandemic when more customers than ever were doing their shopping online. This success was sometimes overwhelming since many small business owners handle all of their business matters themselves. To combat that today, many business owners are turning to online business systems in order to streamline their processes and run more efficiently. To learn more about these systems and how digital agencies are growing after the pandemic, take a look at the infographic below:
