{"id":13626,"date":"2020-12-18T12:00:46","date_gmt":"2020-12-18T12:00:46","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=13626"},"modified":"2022-05-04T21:37:26","modified_gmt":"2022-05-04T21:37:26","slug":"why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/","title":{"rendered":"Why A Vaccine For COVID-19 Won\u2019t Restore Small Businesses Overnight"},"content":{"rendered":"
\"\"
Why A Vaccine For COVID-19 Won\u2019t Restore Small Businesses Overnight<\/figcaption><\/figure>\n

The vaccine for the COVID-19 virus recently began shipment. The Wall Street Journal <\/em>states it will take until sometime in March of 2021 to vaccinate the first 100 million individuals with the highest priority of getting the vaccine. That would leave well over\u00a0 200 million Americans still in need of the vaccine as we head into spring.<\/strong><\/p>\n

The stock market is doing very well as it hovers around 30,000 \u2013 an unbelievable achievement never seen before, even though millions of people have lost their jobs and people continue to lose their jobs on a daily basis. The stock market is based on the theory of expectation, and what it is telling us is that with a vaccine, the economy will begin to turn around and will be much better going forward.<\/p>\n

But let\u2019s look at this through the eyes of small businesses.<\/p>\n

Outside of government, companies with less than $7 million in sales and fewer than 500 employees are widely considered small businesses by the U.S. Small Business Administration. And the expectation for small businesses to return to what we considered normal pre-pandemic is not going happen anytime soon.<\/p>\n

Here\u2019s why. Multiple states have banned indoor dining at what remaining restaurants are still open. As of Dec. 1, nearly 17% of U.S. restaurants were \u201cclosed permanently or long-term,\u201d according to a study by the National Restaurant Association. That percentage amounts to over 110,000 service-industry businesses across the country.<\/p>\n

The last known numbers reported at the end of September for businesses <\/a>in total that had closed were approximately 170,000. And since that time, the total has possibly exceeded 200,000. It is hard to determine how many people have been affected. In November 2020, the national unemployment level of the United States stood at about 10.74 million unemployed persons, which equates to a little over 10%. However, this number only tracks the number of people who are unemployed. It doesn\u2019t record the people who are not drawing unemployment benefits and are out of work. So, in reality the number is larger than the 10.74 million.<\/p>\n

With businesses closing and laying people off<\/a>, no jobs for people to replace what they lost, and no income for the owners of the businesses, vaccine or no vaccine there is not going to be anyone working to turn the economy around. It will take most of 2021 to make the vaccine available to the millions of people who will want it, but many of the unemployed still will have no work to go to after they get the vaccine and the economy continues to sit.<\/p>\n

The economists tell us there will be a surge in business once a vaccine has been made available and administered to the public, but the numbers tell us differently. And here is the biggest kicker of all that the economists have not figured into the equation: People\u2019s habits have changed over the past year.<\/p>\n

People are not buying as many clothes as they used to because they have nowhere to go. There is little dining, virtually no entertainment, and no gatherings, so there is no need to buy new clothes. Fuel sales are down because people are not commuting to work like they used to. Any business or venue that needs a gathering of people to remain in business is either closed or ignored due to government restrictions.<\/p>\n

It is obvious that small businesses are not going to return to pre-pandemic levels with so many businesses closed in such a short time period. We are looking at 2022 at the earliest before the idea of normalcy begins to occur. And when the economy does begin to turn around, some of our favorite businesses we used to visit will be gone. Businesses cannot survive as long as the states keep changing the rules, which creates volatility in the marketplace. Entrepreneurs and investors seek opportunities but shun regulation and volatility, which can disrupt the flow of business. We eventually will see a surge in small businesses opening, but until then small businesses are on a declining slope.<\/p>\n","protected":false},"excerpt":{"rendered":"

The vaccine for the COVID-19 virus recently began shipment. The Wall Street Journal states it will take until sometime in March of 2021 to vaccinate the first 100 million individuals with the highest priority of getting the vaccine. That would leave well over\u00a0 200 million Americans still in need of the vaccine as we head […]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":""},"categories":[3585,3666],"tags":[15363,13949],"acf":[],"yoast_head":"\nWhy A Vaccine For COVID-19 Won\u2019t Restore Small Businesses Overnight - OpenBusinessCouncil Directory<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why A Vaccine For COVID-19 Won\u2019t Restore Small Businesses Overnight\" \/>\n<meta property=\"og:description\" content=\"The vaccine for the COVID-19 virus recently began shipment. The Wall Street Journal states it will take until sometime in March of 2021 to vaccinate the first 100 million individuals with the highest priority of getting the vaccine. That would leave well over\u00a0 200 million Americans still in need of the vaccine as we head […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/\" \/>\n<meta property=\"og:site_name\" content=\"OpenBusinessCouncil Directory\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-18T12:00:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-04T21:37:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.openbusinesscouncil.org\/wp-content\/uploads\/2020\/12\/Why-A-Vaccine-For-COVID-19-Wont-Restore-Small-Businesses-Overnight-300x169.jpg\" \/>\n<meta name=\"author\" content=\"Hernaldo Turrillo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hernaldo Turrillo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/\"},\"author\":{\"name\":\"Hernaldo Turrillo\",\"@id\":\"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23\"},\"headline\":\"Why A Vaccine For COVID-19 Won\u2019t Restore Small Businesses Overnight\",\"datePublished\":\"2020-12-18T12:00:46+00:00\",\"dateModified\":\"2022-05-04T21:37:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/\"},\"wordCount\":691,\"publisher\":{\"@id\":\"https:\/\/www.footballthink.com\/#organization\"},\"keywords\":[\"businesses\",\"COVID-19\"],\"articleSection\":[\"Business Resources\",\"Entrepreneurship\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/\",\"url\":\"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/\",\"name\":\"Why A Vaccine For COVID-19 Won\u2019t Restore Small Businesses Overnight - OpenBusinessCouncil Directory\",\"isPartOf\":{\"@id\":\"https:\/\/www.footballthink.com\/#website\"},\"datePublished\":\"2020-12-18T12:00:46+00:00\",\"dateModified\":\"2022-05-04T21:37:26+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.footballthink.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why A Vaccine For COVID-19 Won\u2019t Restore Small Businesses Overnight\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.footballthink.com\/#website\",\"url\":\"https:\/\/www.footballthink.com\/\",\"name\":\"OpenBusinessCouncil Directory\",\"description\":\"Openbusinesscouncil\",\"publisher\":{\"@id\":\"https:\/\/www.footballthink.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.footballthink.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Organization\",\"Place\"],\"@id\":\"https:\/\/www.footballthink.com\/#organization\",\"name\":\"openbusinesscounsil\",\"url\":\"https:\/\/www.footballthink.com\/\",\"sameAs\":[],\"logo\":{\"@id\":\"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/#local-main-organization-logo\"},\"image\":{\"@id\":\"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/#local-main-organization-logo\"},\"openingHoursSpecification\":[{\"@type\":\"OpeningHoursSpecification\",\"dayOfWeek\":[\"Monday\",\"Tuesday\",\"Wednesday\",\"Thursday\",\"Friday\",\"Saturday\",\"Sunday\"],\"opens\":\"09:00\",\"closes\":\"17:00\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23\",\"name\":\"Hernaldo Turrillo\",\"description\":\"Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.\",\"url\":\"https:\/\/www.footballthink.com\/author\/hturrillo\/\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/#local-main-organization-logo\",\"url\":\"https:\/\/www.footballthink.com\/wp-content\/uploads\/2017\/04\/logo_big.png\",\"contentUrl\":\"https:\/\/www.footballthink.com\/wp-content\/uploads\/2017\/04\/logo_big.png\",\"width\":1161,\"height\":250,\"caption\":\"openbusinesscounsil\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Why A Vaccine For COVID-19 Won\u2019t Restore Small Businesses Overnight - OpenBusinessCouncil Directory","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/","og_locale":"en_US","og_type":"article","og_title":"Why A Vaccine For COVID-19 Won\u2019t Restore Small Businesses Overnight","og_description":"The vaccine for the COVID-19 virus recently began shipment. The Wall Street Journal states it will take until sometime in March of 2021 to vaccinate the first 100 million individuals with the highest priority of getting the vaccine. That would leave well over\u00a0 200 million Americans still in need of the vaccine as we head […]","og_url":"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/","og_site_name":"OpenBusinessCouncil Directory","article_published_time":"2020-12-18T12:00:46+00:00","article_modified_time":"2022-05-04T21:37:26+00:00","og_image":[{"url":"https:\/\/www.openbusinesscouncil.org\/wp-content\/uploads\/2020\/12\/Why-A-Vaccine-For-COVID-19-Wont-Restore-Small-Businesses-Overnight-300x169.jpg"}],"author":"Hernaldo Turrillo","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Hernaldo Turrillo","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/#article","isPartOf":{"@id":"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/"},"author":{"name":"Hernaldo Turrillo","@id":"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23"},"headline":"Why A Vaccine For COVID-19 Won\u2019t Restore Small Businesses Overnight","datePublished":"2020-12-18T12:00:46+00:00","dateModified":"2022-05-04T21:37:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/"},"wordCount":691,"publisher":{"@id":"https:\/\/www.footballthink.com\/#organization"},"keywords":["businesses","COVID-19"],"articleSection":["Business Resources","Entrepreneurship"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/","url":"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/","name":"Why A Vaccine For COVID-19 Won\u2019t Restore Small Businesses Overnight - OpenBusinessCouncil Directory","isPartOf":{"@id":"https:\/\/www.footballthink.com\/#website"},"datePublished":"2020-12-18T12:00:46+00:00","dateModified":"2022-05-04T21:37:26+00:00","breadcrumb":{"@id":"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.footballthink.com\/"},{"@type":"ListItem","position":2,"name":"Why A Vaccine For COVID-19 Won\u2019t Restore Small Businesses Overnight"}]},{"@type":"WebSite","@id":"https:\/\/www.footballthink.com\/#website","url":"https:\/\/www.footballthink.com\/","name":"OpenBusinessCouncil Directory","description":"Openbusinesscouncil","publisher":{"@id":"https:\/\/www.footballthink.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.footballthink.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":["Organization","Place"],"@id":"https:\/\/www.footballthink.com\/#organization","name":"openbusinesscounsil","url":"https:\/\/www.footballthink.com\/","sameAs":[],"logo":{"@id":"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/#local-main-organization-logo"},"image":{"@id":"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/#local-main-organization-logo"},"openingHoursSpecification":[{"@type":"OpeningHoursSpecification","dayOfWeek":["Monday","Tuesday","Wednesday","Thursday","Friday","Saturday","Sunday"],"opens":"09:00","closes":"17:00"}]},{"@type":"Person","@id":"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23","name":"Hernaldo Turrillo","description":"Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.","url":"https:\/\/www.footballthink.com\/author\/hturrillo\/"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.footballthink.com\/why-a-vaccine-for-covid-19-wont-restore-small-businesses-overnight\/#local-main-organization-logo","url":"https:\/\/www.footballthink.com\/wp-content\/uploads\/2017\/04\/logo_big.png","contentUrl":"https:\/\/www.footballthink.com\/wp-content\/uploads\/2017\/04\/logo_big.png","width":1161,"height":250,"caption":"openbusinesscounsil"}]}},"_links":{"self":[{"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/posts\/13626"}],"collection":[{"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/comments?post=13626"}],"version-history":[{"count":3,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/posts\/13626\/revisions"}],"predecessor-version":[{"id":14913,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/posts\/13626\/revisions\/14913"}],"wp:attachment":[{"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/media?parent=13626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/categories?post=13626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/tags?post=13626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}