NFIB has over 300,000 members across the USA. We offer quick insights as to what is helping or hurting small business owners and work with them by being their voice at their state capital and in Washington DC.
This survey was conducted with a random sample of NFIB’s membership database of about 300,000 small business owners. The survey was conducted by email between March 10-11, 2020. NFIB collected 300 usable responses, all small employers with 1-120 employees.
The vast majority of small businesses (74%) are not currently impacted by the coronavirus outbreak. However, the coronavirus outbreak is negatively impacting about 23% of small business owners. Three percent are positively impacted.
Of those small business owners not currently impacted, 43% anticipate their business being impacted if the coronavirus outbreak spreads to, or spreads more broadly in, their immediate area over the next three months. Twenty percent do not expect to be impacted if the outbreak spreads, and another 37% are not sure.
Of those businesses negatively impacted, 39% are experiencing supply chain disruptions, 42% slower sales, and 4% sick employees. The 4% of owners citing sick employees likely responded this way out of heightened concern and precautions with sick employees showing some signs of cold or flu-like symptoms, not necessarily because they have employees who have tested positive for the virus.
To keep abreast of what the important and topical issues are which pertain to small business, please consider joining. We make the membership fees so affordable (look at suggested membership fees below).
If you would like to become a member and join other small businesses across this great USA, please contact Terry Scott (contact info is below).
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