Alignable: Coronavirus Insights Poll: Week 10
Week In Review: Most Promising Week So Far
-
412K small business owners updated their status! Thanks so much for sharing your experiences - they're reaching government officials, the media, and other influencers.
- Recovery Off To A Strong Start? COVID's impact declined another 11% this week. While 69% of small businesses remain negatively affected, we're moving in the right direction.
-
CARES ACT: SMBs Receive More Funds, But Activity Levels Out
- 61% have cash in hand is up, (up 3.5%)
- 6% approved and waiting for cash declined, (down 5%)
- 19% waiting for approval declines, (down 5%)
- 8% were denied (slight increase)
- #MyMoneyStaysLocal: Join the movement to fuel small business recoveries from coast to coast.
-
Create A "Buy Local" Movement In Your Town: Expert Rebecca Melancon shows you how.
-
Help Customers Feel Safe: a top priority to ramp up your reopening.
- The Media Is Tuned In: See this Business Insider article featuring your input on the recovery.
- Be sure to review some of our latest tips to help your business bounce back in our Coronavirus Resource & Recovery Center.
- Please continue to tell us more about how we can help you through your reopening phase in the comments below. We're here for you!
- #MyMoneyStaysLocal #SmallBusinessStrong
TIP OF THE WEEK: Communicate Safety Procedures To Welcome Your Customers Back
As most small businesses are either planning a reopening or already invited customers to come back, it's vitally important to show you have everyone's health in mind. Get masks for staffers and have plenty on hand for customers or other visitors, as well. Go here to see more.
This Week's Pulse Poll Update
Down By 11%... Lowest Impact Recorded In Months
Pressure Is Easing More Across The U.S.
We're still not out of the woods, as nearly 60% of North America continues to report significant impact. However, only 9% say they're starting to feel an impact, compared to 15% who say the impact for them is declining.
Compare our Top 25 lists from last week and this week to see the overall effects of additional federal funding coming in & more companies starting to reopen their doors.
This is how last week's Top 25 most-impacted states looked:
Now behold this week's Top 25:
Many of the Top 10 are still here, but the percentages of small businesses feeling an impact in those states has dropped by 5-15% or more.
- Rhode Island was 90% last week and now is 75%.
- Minnesota dropped by 11%.
- New York is down by 6%.
The range of impact for the Top 25 was 78% to 90% last week. This week, it's 67% to 83%.
COVID-Inspired Stress Has Eased Up In Canada, Too
Just compare last week's map, seen here...
With this week's map. Quite a dramatic difference.
Canada’s Top 3 Most-Impacted Provinces last week were:
- Saskatchewan (89%)
- Quebec (84.2%)
- Ontario (84%)
But now, the intensity of the impact has lessened, even among the most-affected areas. Here's the new Top 3:
- Quebec (77.5%)
- Nova Scotia (73.5%)
- Ontario (72.6%)
Last week, for the first time in two months, the Top 3 were under 90%. This week, for the first time, the Top 3 are under 80%.
- Saskatchewan dropped out of the Top 3 entirely, falling from 89% to 71%.
- Quebec took the top spot, even though it dropped nearly 7% over the week.
- Nova Scotia joined the Top 3, but actually dropped 7.5% from last week.
- And Ontario is holding steady in third place, but dropped more than 15% week over week.
Let's see if we can keep that progress going! Great work rebounding!
Big Topics For NEXT WEEK:
Has The Tech Deployed During The Quarantines Permanently Affected How You'll Conduct Your Business?
Be sure to let us know how you feel about this issue and many others you're tackling right now.
And we'd love to hear about any early successes you're having as your local economy starts to revive. Stay healthy & stay strong!
For past pulse polls, see these articles:
Comments (1-10)
Just trying to get through this and keep my employees safe and employed. We have not laid anyone off and did NOT reduce their wages.
Pessimism everywhere.
How are going to survive the New Normal-Whatever that is.
Liquidity is the bloodline of business. Most businesses are financial anemic at the time and there seemed to be poor financial flow from all aspects of the CARES ACT and people doing business.
Let us all hope for the best and be prepared to expect the unexpected-whatever that is too.
America is able and so I bet on America.
Be strong.
Remodeling is a problem right now people are very hesitant to have people working in their homes. It involves multiple trades the contractor plumbers electricians sheet rockers tile man. People are definitely concerned about having a lot of people in and out of their homes.Trying to stay positive and optimistic.
All business is essential to someone.
Adequate and proper PPE products needed at reasonable cost, especially cleaning products and face masks.
Our business will see more impact as the months progress due to the restaurants not being able to hang on. New restaurants will not be opening as before. It will be more difficult for restaurants to make a profit with all the guidelines. Even the hotels are canceling projects and postponing them. This delays revenue and adds stress-on cash flow, owners and employees.. Uncertainty is all around.....
This caused me to really focus on my goals and re-think how my business ventures are structured. As an artist selling original works and commissions, I am able to adapt to an online platform. My heath and wellness coaching is already a hot topic, but I’ve been offering it for deep discounts to free. So I need to restructure my entire operation. So this has actually been a good learning experience.
Our economy has to open back up completely.