Covid Surge Imperils Small-Biz Recovery: Goldman

The video discusses the impact of inflationary pressures on small businesses, highlighting challenges such as stagflation, access to capital, and competition with large employers like Amazon. It explores the uneven playing field between small and large businesses, particularly in hiring and benefits. The video also covers recent changes at Goldman Sachs, emphasizing continuity despite organizational shifts.

Which industries are most affected by inflationary pressures according to the data?

• Technology and Finance

• Construction and Hospitality

• Education and Healthcare

• Agriculture and Mining

What is a significant challenge for small businesses in dealing with inflation?

• Increasing their workforce

• Passing cost increases to clients

• Reducing operational hours

• Expanding their market reach

What is one reason small businesses struggle to compete with large employers like Amazon?

• Limited geographical presence

• Higher taxes for small businesses

• Perception of better benefits at large companies

• Lack of technological resources

What is a common perception about working for large companies compared to small businesses?

• Large companies offer better benefits and experiences

• Small businesses provide better benefits

• Small businesses have more career advancement opportunities

• Large companies offer less job security

What percentage of small business owners feel confident about accessing capital?

• 75%

• 31%

• 50%

• 10%

What recent change has the SBA made to the COVID EIDL program?

• Increased loan limits to $2,000,000

• Decreased loan limits

• Extended repayment periods indefinitely

• Eliminated interest rates

What is a major issue for black small business owners compared to the overall population?

• Less demand for their products

• Higher taxes

• Lower confidence in accessing capital

• More regulatory hurdles