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SCORE surveyed pre-startups and startups in early April 2020 about how they think how coronavirus could affect their business, and this infographic highlights the findings.

Data from a SCORE survey conducted from April 3-16, 2020. 492 business owners responded with 125 respondents identified as thinking of starting a business or in their first year of business ownership.

• 65% of those surveyed are solopreneurs
• 28% have 2 to 5 employees
• 5% have 6 to 10 employees
• 2% have 11 to 20 employees
• 2% have 21+ employees

The respondents owned businesses in the industries below:

• 0.9%: Travel                                                                                  
• 1.7%: Agriculture, Farming, Fishing & Hunting
• 1.7%: Banking, Finance & Insurance 
• 1.7%: Construction 
• 1.7%: Hotels and Accommodations
• 2.6%: Real estate, Rental & Leasing
• 3.4%: Home Maintenance Services
• 3.4%: Nonprofit, Public and Professional Organizations
• 3.4%: Manufacturing & Industrial
• 4.3%: Education/Day Care            
• 4.3%: Technical & Scientific Services
• 5.2%: Transportation & Warehousing                                              
• 6.9%: Personal Services
• 8.6%: Arts, Entertainment & Recreation
• 8.6%: Health Care & Social Assistance
• 10.3%: Retail & Wholesale Trade      
• 12.9%: Restaurants & Food Services     
• 18.1%: Professional & Business Services

Startups have a “wait and see" attitude.

How has your attitude changed about starting or continuing your business over the past month?     

• 43.9%: Still waiting to see what happens
• 20.2%: No Change
• 18.4%: Scaled up my plans
• 14.9%: Scaled down my plans
• 2.6%: I have abandoned my plans                                                                      

25% of startups have received outside financial help.                   

• 3.7%: Expanded lines of credit
• 4.6%: Improved payment terms from vendors  
• 7.3%: Crowdfunding or other community requests
• 7.3%: New loans
• 10.1%: Delays for existing loan payments

Download the infographic to see the full results.

While you may be facing uncertainty, there is one thing you can be certain of: SCORE is here for you. Work with a SCORE mentor and visit our Small Business Resilience Hub.

Infographic designed by Easel.ly.