54% of SMB Owners Believe, that the Second Wave of Covid-19 Will Come
One third of businessmen are confident, that their business will be able to survive for no more than three months of lockdown
Within the September measurement of RSBI — a monthly research of SMB business attitudes organized by PSB jointly with OPORA Russia and MAGRAM Market Research, it was figured out, that the company owners expect the second wave of quarantine restrictions.
The number of SMB owners, who are confident, that the second wave of Covid-19 will come before the end of 2020, makes 54%. One third of the research participants believe the second wave will not come.
However even in case of stronger restrictions and return to a full lockdown over one fourth of SMB companies (27%) are able to survive for more than a year. 13% of small and medium companies will be able to survive for less than a month.
In case the quarantine restrictions are not imposed, more than a half of the participants (53%) believe, that it will take them from one to three years to restore their businesses. 17% of the companies have already got back to their previous financial results, while 18% are confident, that they will recover by the end of this year. Only 3% of the companies will not be able to get back to their pre-crisis income figures.
RSBI — starting with 2020 a monthly research of SMB business attitudes is organized by PSB jointly with OPORA Russia and MAGRAM Market Research. The research covered owners and executives of 1,666 SMB companies across all regions of the Russian Federation. Index higher than 50.0 p.p. indicates the growth of business activity, lower than 50.0 p.p. – the decrease. If the index is at the level of 50.0 p.p. – the market is neutral.