How is your business doing?

Minnesota Business Pulse Survey

Please take a few minutes to share how you're business is doing, and what you're anticipating in the months ahead. Your answers remain anonymous and you will receive a report detailing the findings from this survey.

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* 1. When it comes to COVID-19’s impact on the economy and your industry, what have you done that’s new and is working well?

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* 2. When it comes to COVID-19’s impact on the economy and your industry, what did you try and it didn’t work well? And if applicable, what are you doing to make it work well?

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* 3. How did these areas of your business change during the first calendar quarter ended March 31, 2020?

	-11-25% (if more, pls. specify in #21)	-1-10%	Unchanged	+1-10%	+11-25% (if more, pls. specify in #21)
Revenue	Revenue -11-25% (if more, pls. specify in #21)	Revenue -1-10%	Revenue Unchanged	Revenue +1-10%	Revenue +11-25% (if more, pls. specify in #21)
Number of full-time employees	Number of full-time employees -11-25% (if more, pls. specify in #21)	Number of full-time employees -1-10%	Number of full-time employees Unchanged	Number of full-time employees +1-10%	Number of full-time employees +11-25% (if more, pls. specify in #21)
Capital expenditures	Capital expenditures -11-25% (if more, pls. specify in #21)	Capital expenditures -1-10%	Capital expenditures Unchanged	Capital expenditures +1-10%	Capital expenditures +11-25% (if more, pls. specify in #21)
Spending on R&D	Spending on R&D -11-25% (if more, pls. specify in #21)	Spending on R&D -1-10%	Spending on R&D Unchanged	Spending on R&D +1-10%	Spending on R&D +11-25% (if more, pls. specify in #21)
Marketing and advertising	Marketing and advertising -11-25% (if more, pls. specify in #21)	Marketing and advertising -1-10%	Marketing and advertising Unchanged	Marketing and advertising +1-10%	Marketing and advertising +11-25% (if more, pls. specify in #21)
Level of productivity or service delivery	Level of productivity or service delivery -11-25% (if more, pls. specify in #21)	Level of productivity or service delivery -1-10%	Level of productivity or service delivery Unchanged	Level of productivity or service delivery +1-10%	Level of productivity or service delivery +11-25% (if more, pls. specify in #21)
New orders	New orders -11-25% (if more, pls. specify in #21)	New orders -1-10%	New orders Unchanged	New orders +1-10%	New orders +11-25% (if more, pls. specify in #21)
Accounts receivable	Accounts receivable -11-25% (if more, pls. specify in #21)	Accounts receivable -1-10%	Accounts receivable Unchanged	Accounts receivable +1-10%	Accounts receivable +11-25% (if more, pls. specify in #21)
Accounts payable	Accounts payable -11-25% (if more, pls. specify in #21)	Accounts payable -1-10%	Accounts payable Unchanged	Accounts payable +1-10%	Accounts payable +11-25% (if more, pls. specify in #21)
Employee productivity	Employee productivity -11-25% (if more, pls. specify in #21)	Employee productivity -1-10%	Employee productivity Unchanged	Employee productivity +1-10%	Employee productivity +11-25% (if more, pls. specify in #21)

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* 4. In the current quarter ending June 30, 2020, how will the following areas of your business change?

	-11-25% (if more, pls. specify in #21)	-1-10%	Unchanged	+1-10%	+11-25% (if more, pls. specify in #21)
Revenue	Revenue -11-25% (if more, pls. specify in #21)	Revenue -1-10%	Revenue Unchanged	Revenue +1-10%	Revenue +11-25% (if more, pls. specify in #21)
Number of full-time employees	Number of full-time employees -11-25% (if more, pls. specify in #21)	Number of full-time employees -1-10%	Number of full-time employees Unchanged	Number of full-time employees +1-10%	Number of full-time employees +11-25% (if more, pls. specify in #21)
Capital expenditures	Capital expenditures -11-25% (if more, pls. specify in #21)	Capital expenditures -1-10%	Capital expenditures Unchanged	Capital expenditures +1-10%	Capital expenditures +11-25% (if more, pls. specify in #21)
Spending on R&D	Spending on R&D -11-25% (if more, pls. specify in #21)	Spending on R&D -1-10%	Spending on R&D Unchanged	Spending on R&D +1-10%	Spending on R&D +11-25% (if more, pls. specify in #21)
Marketing and advertising	Marketing and advertising -11-25% (if more, pls. specify in #21)	Marketing and advertising -1-10%	Marketing and advertising Unchanged	Marketing and advertising +1-10%	Marketing and advertising +11-25% (if more, pls. specify in #21)
Level of productivity or service delivery	Level of productivity or service delivery -11-25% (if more, pls. specify in #21)	Level of productivity or service delivery -1-10%	Level of productivity or service delivery Unchanged	Level of productivity or service delivery +1-10%	Level of productivity or service delivery +11-25% (if more, pls. specify in #21)
New orders	New orders -11-25% (if more, pls. specify in #21)	New orders -1-10%	New orders Unchanged	New orders +1-10%	New orders +11-25% (if more, pls. specify in #21)
Accounts receivable	Accounts receivable -11-25% (if more, pls. specify in #21)	Accounts receivable -1-10%	Accounts receivable Unchanged	Accounts receivable +1-10%	Accounts receivable +11-25% (if more, pls. specify in #21)
Accounts payable	Accounts payable -11-25% (if more, pls. specify in #21)	Accounts payable -1-10%	Accounts payable Unchanged	Accounts payable +1-10%	Accounts payable +11-25% (if more, pls. specify in #21)
Employee productivity	Employee productivity -11-25% (if more, pls. specify in #21)	Employee productivity -1-10%	Employee productivity Unchanged	Employee productivity +1-10%	Employee productivity +11-25% (if more, pls. specify in #21)

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* 5. In the current calendar quarter ending June 30, 2020...

	Much harder	Harder	Unchanged	Easier	Much easier
Attracting & retaining qualified employees is:	Attracting & retaining qualified employees is: Much harder	Attracting & retaining qualified employees is: Harder	Attracting & retaining qualified employees is: Unchanged	Attracting & retaining qualified employees is: Easier	Attracting & retaining qualified employees is: Much easier
Supply chain management is:	Supply chain management is: Much harder	Supply chain management is: Harder	Supply chain management is: Unchanged	Supply chain management is: Easier	Supply chain management is: Much easier
Inventory management is:	Inventory management is: Much harder	Inventory management is: Harder	Inventory management is: Unchanged	Inventory management is: Easier	Inventory management is: Much easier
Obtaining financing or refinancing is:	Obtaining financing or refinancing is: Much harder	Obtaining financing or refinancing is: Harder	Obtaining financing or refinancing is: Unchanged	Obtaining financing or refinancing is: Easier	Obtaining financing or refinancing is: Much easier
Covering financial obligations is:	Covering financial obligations is: Much harder	Covering financial obligations is: Harder	Covering financial obligations is: Unchanged	Covering financial obligations is: Easier	Covering financial obligations is: Much easier

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* 6. In the next calendar quarter ending Sept. 30, 2020...

	Much harder	Harder	Unchanged	Easier	Much easier
Attracting & retaining qualified employees should be:	Attracting & retaining qualified employees should be: Much harder	Attracting & retaining qualified employees should be: Harder	Attracting & retaining qualified employees should be: Unchanged	Attracting & retaining qualified employees should be: Easier	Attracting & retaining qualified employees should be: Much easier
Supply chain management should be:	Supply chain management should be: Much harder	Supply chain management should be: Harder	Supply chain management should be: Unchanged	Supply chain management should be: Easier	Supply chain management should be: Much easier
Inventory management should be:	Inventory management should be: Much harder	Inventory management should be: Harder	Inventory management should be: Unchanged	Inventory management should be: Easier	Inventory management should be: Much easier
Obtaining financing or refinancing should be:	Obtaining financing or refinancing should be: Much harder	Obtaining financing or refinancing should be: Harder	Obtaining financing or refinancing should be: Unchanged	Obtaining financing or refinancing should be: Easier	Obtaining financing or refinancing should be: Much easier
Covering financial obligations should be:	Covering financial obligations should be: Much harder	Covering financial obligations should be: Harder	Covering financial obligations should be: Unchanged	Covering financial obligations should be: Easier	Covering financial obligations should be: Much easier

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* 7. What do you anticipate as your biggest business challenge between now and June 30?

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* 8. Looking ahead, in the third quarter ending Sept. 30, overall business conditions/the economy will likely:

Weaken

Stay the same

Improve

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* 9. If the economy continues in its present condition or deteriorates further, how long is your business able to continue operating without facing potential bankruptcy or closure?

We don't anticipate this being an issue

September 1

August 1

July 1

We're planning to file for Chapter 11

We're already shut down and liquidating assets

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* 10. How many employees did your company have at the beginning of the year?

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* 11. How many employees did your company have at the beginning of the year only in Minnesota?

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* 12. How many locations does your business have? (If one, skip questions 13 and 14.)

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* 13. How many states is your business in?

2-5

6-10

11-25

26-50

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* 14. If you have a location outside of the U.S., how many countries is your business in? If you are U.S. only, skip this question.

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* 15. What is your business's annual revenue?

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* 16. What industry is your business in?

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* 17. What is your position?

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* 18. If you would like to add anything, please write it here.

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* 19. If you would like to run a business challenge or question by seasoned experts at the Platinum Group, please describe it below and include your contact information.

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* 20. Would you like to see the findings from this survey? If so, please enter your email address below. You will remain anonymous: this is simply so we can send you the survey results.

Thank you for sharing your perspectives. These findings will be used to benchmark change in future quarters.