Micro and small businesses are experiencing far greater impacts, especially in urban areas, no matter how established they were in pre-Covid 19 situations. Now, it’s time to revisit existing business processes and figure out what is required to survive in these unprecedented times. Unfortunately, the impact on start-ups or small businesses can be more brutal; many small businesses may never come back, even in a post-pandemic world, because they could not cope with this situation. In contrast, this global crisis will open windows to start and establish magnificent businesses by solving consumers’ newly evolving pain-points. World-renowned Bangladeshi development organizations like Brac, Grameen Bank, and GSK are also results of rightly picked initiatives to fight against difficult situations.

Source: Dhaka Tribune May 15, 2020 04:07 UTC