The Michael Snyder of the End of the American Dream reported that small businesses will be on the ropes in the upcoming months.
With some states rolling out reopening plans, there is some optimism in the air for a potential economic rebound.
However, Snyder doesn’t believe the recovery will be so quick.
He noted the following:
The good news is that the lockdowns are starting to end, but the bad news is that many small business owners are facing a “new normal” in which their monthly revenues will be down by 30, 40 or 50 percent (or more). All of a sudden many small businesses that were once barely profitable have been transformed into businesses that are bleeding a lot of cash each month, and many of them simply are not going to make it.
According to a Bloomberg survey, 52 percent of U.S. small business owners “expect to be out of business within six months.”
Read the full story from Big League Politics
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