Facebook Report: A Third Of Small Businesses Won't Reopen

A Facebook survey of 86,000 small and medium-sized business owners reveals that a third may not reopen post-pandemic, with many unable to rehire laid-off employees, especially in hospitality. Financial struggles are prevalent, with some businesses surviving by moving online. Despite challenges, 57% of owners remain optimistic about the future. Sheryl Sandberg emphasizes the critical role of small businesses in communities, highlighting their resilience amid unprecedented challenges.

What percentage of small and medium-sized businesses might not reopen after the pandemic, according to the Facebook survey?

• 10%

• 33%

• 50%

• 75%

Which sector is particularly affected by the inability to rehire laid-off employees?

• Technology

• Hospitality

• Manufacturing

• Retail

What is a major reason cited by business owners for closing their businesses during the pandemic?

• Supply chain disruptions

• Increased competition

• Inability to manage rent and other costs

• Lack of customers

How are some businesses managing to survive during the pandemic?

• By increasing prices

• By shifting work and sales online

• By expanding their physical locations

• By reducing employee salaries

What percentage of small business owners remain optimistic about the future?

• 25%

• 57%

• 40%

• 70%