One thing is clear: The COVID-19 pandemic is wreaking havoc on small businesses. According to one estimate, more than 100,000 small businesses have closed for good because of the coronavirus-induced economic shutdown.
Even in the midst of a pandemic, the U.S. economy is more dynamic than we often think. While many small businesses are struggling to meet payroll and other costs, many others are surviving and even thriving. Indeed, the COVID-19 pandemic is forcing small business owners to do what they do best: Adapt and innovate.
