The Post-Pandemic Horizon of Hispanic SMEs

Abstract

The damage to Hispanic small businesses caused by the pandemic has triggered a sense of immediacy that poses a substantial threat to long-term operational viability. Pre-pandemic financial, educational, and social inequities were aggravated by low sales volume, supply chain disruptions, and employee health concerns. Many Hispanic small businesses have temporarily closed or remained in survival mode as they struggle to find relief from loans and subsidies, mainly from banks and government sources. Others are without guidance, training, or professional help as they navigate haphazardly through the inequalities of a post-pandemic era. Yet during times of crisis, leadership is sought, and the pandemic is a significant crisis for Hispanic business owners. A re-education of entrepreneurial leadership concepts proved valuable as a continuing education topic for many businesses. Providing entrepreneurial leadership initiatives and networking are seen as effective remedies to salvage the viability of Hispanic businesses as we traverse a post-pandemic era.