'Those of us who have made it thus far, the worst is behind us. We can see the light at the end of the tunnel,' said Joe Tucker, the founder and CEO of the Tucker Law Group in Philadelphia.
PHILADELPHIA -- The COVID-19 pandemic was hard on everyone, but perhaps no one more so than small business owners.
"Those of us who have made it thus far, the worst is behind us. We can see the light at the end of the tunnel," said Joe Tucker, the founder and CEO of theTucker Law Group is a small business with fewer than 20 employees. Tucker said when the pandemic hit, his firm was able to respond quickly in large part because it was already tech ready.
A new report by Bank of America shows that 70% of small business owners have adopted new technology since the pandemic. And Tucker said it shines a light on the superpower of a small business its ability to be nimble and change its day-to-day workflow on a dime.Bank of America's annual Small Business Owner Report
"Sixty-two percent of them said we finally recovered from the pandemic and now they've got all of this going on," said Carol Lee Mitchell, Senior Vice President, Bank of America Small Business."When you ask the business owner do you expect revenues to increase for your business absolutely 64% of them say yeah no I'm actually optimistic that my revenue is going to increase and oh by the way 48-percent of my revenue has already increased," she said.
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