Single Operated Newsletter – Pandemic Proof Businesses
Looking for a sector to develop your single operated newsletter?
It’s important to understand that even during Covid-19 specific data is needed and even more valuable.
Here’s a look at a couple of sectors:
Finance and insurance: Businesses that deal with financial transactions and underwriting risk make up the finance and insurance industry and it was barely disrupted during the pandemic.
86.9% of businesses did not have to close offices, even for a day
Unemployment in this sector is quite low, 3.1% as of August
They're wealthy: 39.2% said they had at least three months of cash on hand for business operations.Enterprise management: Establishments in this sector administer, oversee, and manage other businesses, including organizational planning and decision making—such as investment firms.
A notable 38.6% of these businesses reported that they had at least three months of cash on hand, and 27.6% said they had generated over $500,000 in revenue in the last month, which makes it the highest percentage of any industry and, of that, 18.1% reported an increase in revenue over the month prior, as well as increases in the number of employees and the number of hours they worked.
Data on how these businesses have been performing through the pandemic comes from two main sources: The US Census Bureau’s Small Business Pulse Survey (SBPS), and the US Bureau of Labor Statistics’ unemployment rates for August 2020.