Will COVID-19 Cause Older Small Business Owners to Close Their Businesses?
Small Business Labs
MAY 5, 2020
According to the research firm Barlow Research Associates , the average small business owner is 60 years old. And as the Barlow chart below shows (click to enlarge), almost 40% are aged 65 or older. This raises an interesting question. How will older small business owners react to the pandemic? Will they continue operating their businesses, or will they shut them down?
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