Abstract
Many previous studies have examined the effects of Covid-19 on small-medium enterprises but never discussed how to accelerate small-medium enterprise performance. This study aims to accelerate the recovery of small-medium enterprise performance affected by Covid-19. This research type is interpretive qualitative, data validity test using credibility and transferability test, data analysis technique using research data reduction, presenting data, and drawing conclusions. The conclusions obtained in this study are financing coming from non-banks when the Covid-19 pandemic conditions are very beneficial for small-medium enterprises, and small-medium enterprises are still able to compete globally.
Highlights
The Covid-19 pandemic and the government’s policies have resulted in a decrease in small-medium enterprises (SMEs)’ performance
The conclusion, if you want to find additional capital that does not require requirements and low need can come from grants, people’s funds, or funds derived from corporate social responsibility of the company
Based on the results of in-depth interview and search Library, Covid-19 pandemic has a big impact on SMEs namely the decrease in purchasing power, decreased revenue, and the decrease in competitiveness and SMEs do not have additional capital to do activities again
Summary
The Covid-19 pandemic and the government’s policies have resulted in a decrease in SMEs’ performance This event is a big problem for SMEs due to the drastic decline in performance, and SMEs can no longer compete at the international marketing level. It is necessary to determine traditional financing for small- and medium-sized micro-enterprises already widely available. They can no longer support SMEs because of their complicated requirements, including funding derived from the combined capital (Rossi, 2015). Another problem faced by entrepreneurs is the difficulty of marketing SMEs’ products in the era of globalization not to afford to compete
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