My small business should be able to ride out the pandemic. My partner and I have estimated that we can survive through November of 2020. We don’t have employees, which helps. But we have not received any government aid and the bills keep coming in.
While we are hanging on by a shoe string, but how many other small owner run businesses will need to close their doors? COVID-19 may go down in history as the next great Mass Extinction, but for small business.
The climate is perfect for larger companies to absorb smaller firms for pennies or simply take over their customers after they shutdown. I expect to see an unprecedented number of mergers and acquisitions over the next 24 months. It reminded me of a short video that I shared with my dev team years ago. Take a look.
