Facebook State of Survival: The Sobering Reality for Small Businesses in the US

As we release this report, it's clear that the situation facing small businesses across the country is far more dire than we initially anticipated. Our research, conducted in collaboration with the Small Business Roundtable and based on a survey of 86,000 owners, managers, and workers in companies with fewer than 500 employees, paints a sobering picture of the struggle these businesses are facing to survive.

Before the virus struck, we had expected this first report would present a more optimistic outlook. However, since the first shelter-in-place orders were issued, it has become increasingly apparent that many small businesses would take a significant hit. Our survey provides a firsthand account of just how big a hit they are taking.

The COVID-19 pandemic is not only a public health emergency but also an economic crisis that has far-reaching consequences for our communities. Small businesses are the lifeblood of these communities, and it's essential to understand their plight as they face the greatest challenge of their lifetime.

This report marks the beginning of an ongoing series tracking the situation facing small businesses across the US. Our goal is to provide a comprehensive snapshot of the challenges they're facing and offer insights into what's working and what isn't. By doing so, we hope to help these businesses find the support they need to not only survive but thrive in this new reality.

In the following pages, we'll delve deeper into the findings from our survey and explore the impact of the pandemic on small businesses and their employees. We'll also examine the resilience and resourcefulness that have become hallmarks of the US small business community during these challenging times.

The State of Small Business Report is a testament to the power of data-driven insights in shaping our understanding of this crisis. By working together, we can create a more supportive environment for small businesses to survive and ultimately recover from this pandemic.

Facebook state of survival