Finance
17:16 13 July 2020
Post by: WBJ

Entrepreneurs in crisis benefit from their own savings

Entrepreneurs in crisis benefit from their own savings
Source: Pikrepo

Almost every third Polish entrepreneur surveyed in the Warsaw Equity Group survey admitted that he had to make significant or even fundamental changes in his business strategies in connection with the outbreak of the coronavirus epidemic.

But more interesting is another result of the same study– conducted mainly among large companies. It turned out that the most frequently used financial tool by entrepreneurs, which helped them to get through the epidemic crisis, were their own savings – almost 73 percent of respondents used them.  Only the second most popular solution was the government's so-called anti-crisis shield, which was used by almost 58 percent of respondents.

300gospodarka noted that this would suggest that accusations against companies of not being prepared for the crisis and of not having savings are not that well-founded.

As for yet other sources of crisis financing, almost every fifth entrepreneur took advantage of the loan. A similarly large group could count on the support of investors – new or already involved in financing the company.

(300gospodarka


crisis
entrepreneurs
300gospodarka
warsaw equity group

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