{"id":268325,"date":"2020-05-27T12:13:05","date_gmt":"2020-05-27T09:13:05","guid":{"rendered":"https:\/\/eba.com.ua\/?p=268325"},"modified":"2024-01-31T22:30:43","modified_gmt":"2024-01-31T20:30:43","slug":"tretyna-malyh-pidpryyemtsiv-vtratyly-bilshe-50-dohodiv","status":"publish","type":"post","link":"https:\/\/eba.com.ua\/en\/tretyna-malyh-pidpryyemtsiv-vtratyly-bilshe-50-dohodiv\/","title":{"rendered":"[:ua]\u0422\u0440\u0435\u0442\u0438\u043d\u0430 \u043c\u0430\u043b\u0438\u0445 \u043f\u0456\u0434\u043f\u0440\u0438\u0454\u043c\u0446\u0456\u0432 \u0432\u0442\u0440\u0430\u0442\u0438\u043b\u0438 \u0431\u0456\u043b\u044c\u0448\u0435 50% \u0434\u043e\u0445\u043e\u0434\u0456\u0432[:en]One-third of small businesses lost more than 50% of their income[:]"},"content":{"rendered":"

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These are the results of a survey conducted by the European Business Association among the participants of the Unlimit Ukraine project, which unites micro and small businesses. One-third of entrepreneurs, namely <\/span>33%<\/span><\/strong>\u00a0report 50-75% of income losses. Businesses also report a significant increase in receivables. Another\u00a0<\/span>44%<\/span><\/strong>\u00a0suffered up to 50% of revenue losses, and\u00a0<\/span>7%<\/span><\/strong>\u00a0of businesses are considering closing. At the same time only\u00a0<\/span>14%<\/span><\/strong>\u00a0did not have any changes in work or even increased their income.<\/span><\/p>\n

It will take one year for\u00a0<\/span>38%<\/span><\/strong>\u00a0of entrepreneurs, two or more years for\u00a0<\/span>25%<\/span><\/strong>, and about six months for\u00a0<\/span>19%<\/span><\/strong>\u00a0to reach the pre-lockdown of development. Only\u00a0<\/span>3%<\/span><\/strong> reported that the level of development of their business has not changed. The following measures of state support can help companies recover \u2013 reducing the tax burden on the wage fund, providing cheaper loans, and abolishing penalties for tax violations by the end of the year.<\/span><\/p>\n

Most companies, namely\u00a0<\/span>48%<\/span><\/strong>\u00a0managed to keep staff salaries unchanged, while\u00a0<\/span>29%<\/span><\/strong>\u00a0were forced to reduce wages, and another\u00a0<\/span>19%<\/span><\/strong>\u00a0sent employees on unpaid leave.\u00a0<\/span>59%<\/span><\/strong>\u00a0of enterprises were able to keep the company’s staff unchanged. Another\u00a0<\/span>33%<\/span><\/strong>\u00a0of companies had to cut staff, but\u00a0<\/span>6%<\/span><\/strong>\u00a0are even looking for new employees.<\/span><\/p>\n

Businesses are ready to resume their work. Thus,\u00a0<\/span>54%<\/span><\/strong> of companies will resume their offline operations during May-June. At the same time, <\/span>60%<\/span><\/strong>\u00a0of entrepreneurs are considering the possibility of a full or partial switch to remote mode. Such a decision will not only bring more flexibility in work but also reduce rental costs for office space.<\/span><\/p>\n\t

\n\n\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\n\t\t\t\t\t\t\tOlena Ayrault<\/span>\n\t\t\t\n\t\t\t\t\t\t\tManager Unlimit Ukraine Project<\/span>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t
\n\t\t\t\tIf we compare similar surveys conducted by the EBA among representatives of large and small businesses, we see that unfortunately, small entrepreneurs had a limited safety margin. The economic consequences of the pandemic affected primarily the financial results of small companies, which had to suffer way more losses than big companies. Also, small businesses have much fewer opportunities to retain employees and keep salaries at the pre-lockdown level. At the same time, we see that small businesses are more flexible, while large companies are considering only a partial transition to online mode, SMEs are ready for total digitalization if their activities allow. Flexibility and creativity are the competitive advantages of small entrepreneurs that I hope they will use to overcome the consequences of this crisis.\n\t\t\t<\/blockquote>\n\t\t\t\t\n\t<\/div>\n\n

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For the reference:<\/span><\/em><\/p>\n

The survey was conducted from 15 to 21 May 2020. Altogether 111 participants – representatives of small and medium-sized businesses joined the survey.<\/span><\/p>\n

Unlimit Ukraine<\/span><\/em><\/strong>\u00a0is a small business and microbusiness development platform created on the basis of the European Business Association. The project provides comprehensive support for small and microbusiness through educational events and consultations, participation in special projects, diagnostics of business problems, and discussion of issues relevant to it. The participants of the project can be small and micro-businesses with the ownership of FOP without limitation of activities. Today, Unlimit Ukraine includes more than 1861 participants.<\/span><\/em><\/p>\n

<\/p>","protected":false},"excerpt":{"rendered":"

These are the results of a survey conducted by the European Business Association among the participants of the Unlimit Ukraine project, which unites micro and small businesses. One-third of entrepreneurs, namely 33%\u00a0report 50-75% of income losses. Businesses also report a significant increase in receivables. Another\u00a044%\u00a0suffered up to 50% of revenue losses, and\u00a07%\u00a0of businesses are considering […]<\/p>\n","protected":false},"author":23406,"featured_media":268358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[14,4,14111,21,13],"tags":[],"yoast_head":"\nOne-third of small businesses lost more than 50% of their income - European Business Association<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eba.com.ua\/tretyna-malyh-pidpryyemtsiv-vtratyly-bilshe-50-dohodiv\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"One-third of small businesses lost more than 50% of their income - European Business Association\" \/>\n<meta property=\"og:description\" content=\"These are the results of a survey conducted by the European Business Association among the participants of the Unlimit Ukraine project, which unites micro and small businesses. 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