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It just occurred to me that someone that wants to set up their own business needs to save up for like a decade. Then make a business plan. Then get a loan from a bank using their decade of savings as collateral. That takes a looooong time. So, the small businesses that all got shut down aren't getting replaced by new small businesses any time soon.
Meanwhile, big chains and franchises already have their business model made. They have access to lines of capital. They can just swoop in to the empty buildings and set up shop 1 week after everyone is vaccinated the pandemic is over.
Are all the bars going to be replaced by big corporate sports bars and stuff? Restaurants replaced by franchise restaurants?
Meanwhile, big chains and franchises already have their business model made. They have access to lines of capital. They can just swoop in to the empty buildings and set up shop 1 week after everyone is vaccinated the pandemic is over.
Are all the bars going to be replaced by big corporate sports bars and stuff? Restaurants replaced by franchise restaurants?