Almost two thirds of Czech entrepreneurs felt the consequences of the pandemic

The pandemic of the new coronavirus affected the business of approximately two thirds of entrepreneurs and sole traders. They had to change the direction of their business most often, in addition, about half expect no profit and about one in eight had to close their business.

As the NMS Research survey for Raiffeisenbank, which published novinky.cz, the pandemic of the new coronavirus and related government measures affected the business of 65% of self-employed

had to end the business. For every ninth entrepreneur, the consequences of a pandemic of its employees affected, 9% of entrepreneurs did not increase employees’ salaries and even 2% had to lay off workers.

only six out of a hundred addressed. As Raiffeisenbank spokeswoman Petra Kopecká said, some entrepreneurs were able to make the most of the situation and expand their portfolio of products or services and come up with innovations that would not otherwise arise or would take longer to develop.

however, most paid for the new coronavirus pandemic. Almost half (49%) of the addressed entrepreneurs do not expect their business to bring them a profit. Less than a quarter (24%) even expect a loss.

Only 27% of self-employed people said they were doing business at a profit. The vast majority (72%) want to save it as a reserve. A quarter will invest in the development of their company, a fifth then in the financial market. Every tenth entrepreneur expects to increase salaries or pay their employees.

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