Small businesses are the lifeblood of the U.S. economy. As per the latest report from the Office of Advocacy of the U.S. Small Business Administration, they generate about 44 percent of the U.S. economic activity creating two-thirds of new hiring.
Unfortunately, the ongoing coronavirus pandemic has shattered small businesses creating massive job-loss. The latest Economic Average Report by Yelp (YELP) – Get Report, a popular online review website for local businesses, revealed that 60 percent of businesses have permanently closed since March 2020.
However, amidst this depressing time, there are still some small business owners, who are adapting to new business strategies and innovative ideas, to remain afloat. Sufia Hossain, the founder of Silly Chilly Hot Sauce, is one of them.
Check out the video to know more.
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