Poll Finds Nearly Half of Small Businesses Could Fail
Company Added
Company Removed
Apply to Request List

Poll Finds Nearly Half of Small Businesses Could Fail

Poll Finds Nearly Half of Small Businesses Could Fail

The holiday shopping season would normally bring good cheer for business operators. Not so for 48% of small businesses that fear they won't make enough money during the rest of the year to stay afloat, according to the Alignable Revenue Poll. 

The eye-opening number from Alignable's recent poll indicates small businesses still have a long way to go to reach a post-Covid-19 recovery.

Two months ago Alignable's polls found pessimism among small businesses was at 42%. The increase is likely due to the convergence of several factors including the resurgence of Covid-19, elevated customer fears, and a surge in online shopping.

Other findings from the poll include:

  • Some 50% of retailers could close for good and that figure is up from 45% only two months ago.
  • 47% of small business-to-business (B2B) firms are struggling to keep the lights on and might not make it to next year. This is up by nine percentile points from September where the figure was just 38%.
  • Among those hard hit are those in the travel and hospitality sector where 62% say they might not survive in the next three months.
  • Others who expressed their concerns include owners of gyms (61%), beauty salons (60%), health and wellness shops and spas (46%), restaurants (45%), marketing and advertising agencies (45%), entertainment companies (43%), construction businesses (38%), law offices (36%), and even accounting firms (25%).
  • Those seeking some form of support to weather the storm are shops and services with closure risks of 45% to 62%.
Published: December 15th, 2020

Share this Feature

Goldfish Swim School Franchising, LLC
SPONSORED CONTENT
Goldfish Swim School Franchising, LLC
SPONSORED CONTENT
Goldfish Swim School Franchising, LLC
SPONSORED CONTENT

Recommended Reading:

Comments:

comments powered by Disqus
UBreakiFix
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

Urban Air Adventure Park
ADVERTISE SPONSORED CONTENT
Conferences
Caesar's Palace, Las Vegas
AUG 31-3RD, 2021

GYMGUYZ is #1 in Home Personal Training. We are disrupting the fitness industry by bringing the workout to you!
Cash Required:
$60,000
Request Info
With 500+ restaurants in development worldwide, Wayback Burgers is America's favorite hometown burger joint and one of the world's fastest-growing...
Cash Required:
$100,000
Request Info

Subscribe to Multi-Unit Franchisee Report