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How will the COVID-19 global pandemic impact small businesses? Home / How will the COVID-19 global pandemic impact small businesses?

The rapid spread of COVID-19 has shaken up economies all over the world.  We’re in the midst of what economists say is an unprecedented global collapse in production, sales, and business confidence. One of the largest sectors affected by this are the small business owners and entrepreneurs that comprise 90% of the total business population. Without swift government action, even the healthiest of small firms are at risk of bankruptcy. Designs.ai has put together a list of the primary impacts of the COVID-19 global pandemic on small businesses.  1.) Reduced consumer spending One of the largest impacts of the COVID-19 pandemic is the increasing rate of unemployment around the world. Industry giants like Marriott have laid off thousands of their workforce in recent weeks, and many retail establishments have mandated their employees to take no-pay leaves until further notice. Without job security, consumers are seeking to cut costs as much as possible — especially for non-essential p
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The 16 MBTI Personality Types in Quarantine

The Myers-Briggs Type Indicator (MBTI) is a common test used by psychologists, employers, guidance counselors, and individuals to better understand human personalities. They indicate differing psychological inclinations in how people perceive themselves, view the world, and make decisions.  This article details how the 16 different MBTI personality types act in quarantine. INTJ (The Architect) “Pandemic? I’ve got a plan for that.” While you’re comfortable with all the newfound alone time, the slowdown of work and life in general is really starting to bug you. You’re used to things being fast-paced and within your control. Now, it’s time to revisit the drawing board for the nth time and come up with new plans to get through these challenging times.  You’re likely drafting out ideas to maintain cash flow amidst the pandemic or reallocating budget. It calms you when you’re prepared for everything. If you’re an advanced planner, maybe you’ve already anticipated this pandemic mo
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