A Descriptive Study on Covid-19 Pandemic and Its Impact on Pakistanis’ Startups

Abstract

The uprising of coronavirus disease (COVID-19) has sternly influenced Pakistan financial state. Because of limitations, countless startups have endured however, COVID-19 has further prompted an expansion in new startups. This research comes up with the impacts of the pandemic on the number of startups in Pakistan using. Using quantitative research design, this study collected data from the entrepreneurs having started running business in near past. The data was gathered using 5-point likert scale to measure their opinion regarding the impact of Startup Closure, Decline Economic, Financial Issues, Unemployment, and Uncertain Lockdowns statistically affect the No Investment Opportunity after COVID 19 Pandemic. The data were analyzed through descriptive statistics. The results indicate that most of the participating enterprises have been severely affected and they are facing several issues such as financial, supply chain disruption, decrease in demand, reduction in sales and profit, among others. Besides, over 83% of enterprises were neither prepared nor have any plan to handle such a situation. The findings of the study reveal that the progress of Pakistani Startups is primarily related with the Startup Closure, Decline Economic, Financial Issues, Unemployment, and Uncertain Lockdowns. Therefore, this study recommends the starting up individuals in Pakistan as well as the respective stakeholders to manage pay more attention on the Startup Closure, Decline Economic, Financial Issues, Unemployment, and Uncertain Lockdowns.