54% of Russia’s Small and Micro Companies Hope to Restore Their Income in Half a Year and Earlier
Small and micro business owners talked about working remotely and about the prospects of getting back to their regular income figures
According to the obtained data, only each fifth company (20%) is capable of working remotely with the same efficiency. All employees of those companies keep working with the same workload from home.
35% of the companies shifted some part of their employees to the remote work, however due to such modifications those companies stopped providing some services/works.
Business of 37% of companies does not imply remote work. Such companies were closed during the lockdown period.
Splitting by business size the situation looks as follows:
In order to reach the regular/normal income figures after the lockdown:
• 17% of companies will have to work for no more than one month;
• 27% believe they will need about one quarter;
• the same share of companies (27%) will need about half a year;
• 16% of businessmen think, they will need a year and more to restore their businesses;
• 3% of the companies are not able to recover and will have to be closed most probably.
9% answered DK.
Split by business size:
The research, i.e. the online survey, was held in the second half of April 2020 in Russia. The research covered owners and executives of 537 companies. The sample represents Russia’s small and micro businesses.