Nashville Local Business survey analyzing the effect of COVID-19 on its entrepreneur’s
The Entrepreneurs’ Organization of Nashville (EO Nashville), the largest EO chapter in the United States and third largest in the world, today released the results of a survey analyzing the effect of COVID-19 on its entrepreneur members. Participants included members of EO Nashville and Catalyst, an EO program designed to help boost business revenues over the $1 million annual revenue threshold required to join EO.
The survey analyzed the coronavirus’ effect on companies’ revenue, staffing, sheltering in place and survivability. Respondents’ companies range from $250,000 to more than $10 million in revenue and represent 29 different industries.
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Most notably, 65 percent of respondents reported a negative effect on revenue during March and April, with more than 30 percent seeing revenue decline by at least half compared to the same time period in 2019. However, only 12 percent expect worse revenues in May and June than the previous two months.
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