but 84% worry about a second wave of infection.
by 卡塔尔世界杯常规比赛时间
as business owners across the country focus on getting back to business, 63 percent feel the worst is behind them when it comes to the impact of covid-19 on their operations, according to new research from a payroll agency that handles payrolls for 670,000 small- and medium-sized businesses.
more on the covid crisis: six ways accounting firms will never be the same again | retired cpa partners face pay cuts from covid | covid tests accountants’ entrepreneurial talents | deciphering the sba’s new ppp loan forgiveness rules [new dates added] |
exclusively for pro members. log in here or 2022世界杯足球排名 today.
however, four in five business owners are somewhat or very concerned about a possible second wave of infection.
“after an extended period of uncertainty, with more questions remaining, it’s encouraging to see that business owners are optimistic about their recovery from this crisis while remaining cautious about the economy and a potential second wave,” says martin mucci, paychex president and ceo of paychex.
the highlights, by the numbers
businesses’ current status:
- 46% of business owners report they are fully open and operational
- 42% are open on a limited basis
- 12% are closed, but plan to reopen
- of the businesses that are open, 30% closed at one point during the pandemic
- of the businesses that are closed, half plan to open by july, and 25% will open as soon as they are allowed
paycheck protection program (ppp) loan status:
- 44% of businesses have applied for a ppp loan
- of those that applied, 58% have now received payment, twice as many as just three weeks ago
- businesses with 2 to 49 employees are now twice as likely to have received a ppp loan as businesses with 50 to 500 employees
ppp concerns:
- 37% of businesses are not clear on how to apply for ppp loan forgiveness
- that said, 68% are very or extremely confident they will meet the requirements for loan forgiveness
- 26% don’t think the ppp loan will be enough for them to survive
expected time to return to normal:
- 45% of respondents think it will take three or fewer months for their business to return to pre-covid norms
- 57% of respondents think it will take seven or more months for the u.s. economy to return to normal
- 19% of businesses say they have already returned to pre-covid revenues
business resilience:
- business resilience has remained steady since april 17, at 70 on a scale of 1-100
- businesses with 50 to 500 employees (80), fast-growth businesses (79), and midwestern businesses (76) are more resilient than their peers
business owners’ top priorities:
- 23% are focused on maintaining customer relationships
- 21% on managing business as usual
- 14% on reducing expenses
- 5% on revising their go-to-market approach
- reopening their businesses has become a higher priority since early may
reopening concerns:
- 33% of businesses are concerned that they won’t have sufficient customer demand upon reopening
- 31% are worried about keeping employees safe at work
concerns of a second wave:
- 84% of businesses are somewhat or very concerned about a possible second wave of infection
- 64% feel they could survive a second wave financially