In addition to declining sales, the global economic downturn triggered by the spread of the virus means that companies in the start-up and growth phase are facing difficulties obtaining the necessary funding to escalate continued growth.
Via the Hub- the largest start-up portal in the Nordic region, facilitating recruitment of employees and investors - Danske Bank has investigated how the start-up environment feels exposed during the Corona crisis. The answers show that the biggest and most pressing concern is declining sales in general, which trigger a lower revenue. In addition, business owners are particularly concerned about the current and future funding opportunities and the risk of them as founders having to staff down among their employees.
Coronavirus is extra tough on entrepreneurs
The global Corona pandemic threatens a large number of Nordic start-ups and entrepreneurs and their very existence. A new survey from Danske Bank shows exactly how the start-up environment feels exposed.