Analysis on the Economic Effects and Challenges of Entrepreneurship during Covid-19

DOI

10.2991/aebmr.k.220405.030How to use a DOI?

Keywords

Entrepreneurship; Pandemic; Technology; Small Business

Abstract

Small businesses possess a crucial role in the economy and face severe challenges during the Covid-19 pandemic. As small business entrepreneurs represent a vital force in stimulating the local economic recovery, this article explores the economic and social role of entrepreneurship and the existential challenges of these small businesses. This article studies existing businesses before the pandemic in learning the impacts of the Covid-19 and then targets entrepreneurs who already owned small businesses or found start-ups during the pandemic for synthesizing the challenges and opportunities. Through a systematic analysis of existing researches on small business and entrepreneurship, this paper emphasizes an integrated picture of the subjects, highlights the following functions, including: 1) the small business is essential to local economic recovery, and entrepreneurship of the small business offers both social and economic counterforces of pandemic; 2) To better survive during the pandemic, integration of cutting edge technology into the small business or start-ups is necessary along with the digital transformation. This article provides a framework of macro analysis on the relationship between small business, entrepreneurship, and the Covid-19 pandemic, and it offers a general perspective in guiding future researchers in exploration.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Shuaitao Tan
PY  - 2022
DA  - 2022/04/29
TI  - Analysis on the Economic Effects and Challenges of Entrepreneurship during Covid-19
BT  - Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)
PB  - Atlantis Press
SP  - 174
EP  - 178
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220405.030
DO  - 10.2991/aebmr.k.220405.030
ID  - Tan2022
ER  -