Small business closes doors during COVID-19. Source: Unsplash/Anastasiia Chepinska.
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Borders are open and restrictions are being repealed, but small business owners are in no mood for celebration.
January proved to be the toughest month for many small businesses pushed to the brink by successive waves of COVID-19, and since then we have seen industrial strikes in February and catastrophic floods in March. It’s fair to say cash reserves are all but depleted for many small businesses — and every day more end up on the threshold of insolvency.
It’s true that we are continuing to “tackle the largest health and economic shock of our generation”, but not all of us have bounced back faster and stronger.
ABOUT THE AUTHOR
Amanda Rose is the founder of Small Business Women Australia, Western Sydney Women and Western Sydney Advisory. She has also been named as one of the most influential people in Western Sydney.
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