The Impact of Coronavirus on Small Business – Parliament Optical
There used to be a time when small business owner’s principal worries were about securing investments, attracting customers, advertising, and most importantly the survival of their business. According to a report titled Canadian New Firms: Birth and Survival Rates over the Period 2002-2014, May 2018 by the Canadian Government, the survival rate for small businesses within the first five years is 63% and after ten years that number drops down to 43% so it is no wonder that creating and operating a small business is a risky venture. However, when a small business does manage to be successful it can be a great accomplishment. Sadly, the emergence of Covid-19 in 2020 has created a new and even bigger challenge for small business owners. Take for instance the Parliament Street Optical. The Parliament Street Optical is located on the east side of Parliament Street, between Carlton and Gerrard Street. The business is owned by Munaverali Gulamhusein. Unlike big businesses who regularly genera