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.
OK
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?
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?
*
3.
How did these areas of your business change during the first calendar quarter ended March 31, 2020?
(Required.)
-11-25% (if more, pls. specify in #21)
-1-10%
Unchanged
+1-10%
+11-25% (if more, pls. specify in #21)
Revenue
-11-25% (if more, pls. specify in #21)
-1-10%
Unchanged
+1-10%
+11-25% (if more, pls. specify in #21)
Number of full-time employees
-11-25% (if more, pls. specify in #21)
-1-10%
Unchanged
+1-10%
+11-25% (if more, pls. specify in #21)
Capital expenditures
-11-25% (if more, pls. specify in #21)
-1-10%
Unchanged
+1-10%
+11-25% (if more, pls. specify in #21)
Spending on R&D
-11-25% (if more, pls. specify in #21)
-1-10%
Unchanged
+1-10%
+11-25% (if more, pls. specify in #21)
Marketing and advertising
-11-25% (if more, pls. specify in #21)
-1-10%
Unchanged
+1-10%
+11-25% (if more, pls. specify in #21)
Level of productivity or service delivery
-11-25% (if more, pls. specify in #21)
-1-10%
Unchanged
+1-10%
+11-25% (if more, pls. specify in #21)
New orders
-11-25% (if more, pls. specify in #21)
-1-10%
Unchanged
+1-10%
+11-25% (if more, pls. specify in #21)
Accounts receivable
-11-25% (if more, pls. specify in #21)
-1-10%
Unchanged
+1-10%
+11-25% (if more, pls. specify in #21)
Accounts payable
-11-25% (if more, pls. specify in #21)
-1-10%
Unchanged
+1-10%
+11-25% (if more, pls. specify in #21)
Employee productivity
-11-25% (if more, pls. specify in #21)
-1-10%
Unchanged
+1-10%
+11-25% (if more, pls. specify in #21)
*
4.
In the current quarter ending June 30, 2020, how will the following areas of your business change?
(Required.)
-11-25% (if more, pls. specify in #21)
-1-10%
Unchanged
+1-10%
+11-25% (if more, pls. specify in #21)
Revenue
-11-25% (if more, pls. specify in #21)
-1-10%
Unchanged
+1-10%
+11-25% (if more, pls. specify in #21)
Number of full-time employees
-11-25% (if more, pls. specify in #21)
-1-10%
Unchanged
+1-10%
+11-25% (if more, pls. specify in #21)
Capital expenditures
-11-25% (if more, pls. specify in #21)
-1-10%
Unchanged
+1-10%
+11-25% (if more, pls. specify in #21)
Spending on R&D
-11-25% (if more, pls. specify in #21)
-1-10%
Unchanged
+1-10%
+11-25% (if more, pls. specify in #21)
Marketing and advertising
-11-25% (if more, pls. specify in #21)
-1-10%
Unchanged
+1-10%
+11-25% (if more, pls. specify in #21)
Level of productivity or service delivery
-11-25% (if more, pls. specify in #21)
-1-10%
Unchanged
+1-10%
+11-25% (if more, pls. specify in #21)
New orders
-11-25% (if more, pls. specify in #21)
-1-10%
Unchanged
+1-10%
+11-25% (if more, pls. specify in #21)
Accounts receivable
-11-25% (if more, pls. specify in #21)
-1-10%
Unchanged
+1-10%
+11-25% (if more, pls. specify in #21)
Accounts payable
-11-25% (if more, pls. specify in #21)
-1-10%
Unchanged
+1-10%
+11-25% (if more, pls. specify in #21)
Employee productivity
-11-25% (if more, pls. specify in #21)
-1-10%
Unchanged
+1-10%
+11-25% (if more, pls. specify in #21)
*
5.
In the current calendar quarter ending June 30, 2020...
(Required.)
Much harder
Harder
Unchanged
Easier
Much easier
Attracting & retaining qualified employees is:
Much harder
Harder
Unchanged
Easier
Much easier
Supply chain management is:
Much harder
Harder
Unchanged
Easier
Much easier
Inventory management is:
Much harder
Harder
Unchanged
Easier
Much easier
Obtaining financing or refinancing is:
Much harder
Harder
Unchanged
Easier
Much easier
Covering financial obligations is:
Much harder
Harder
Unchanged
Easier
Much easier
*
6.
In the next calendar quarter ending Sept. 30, 2020...
(Required.)
Much harder
Harder
Unchanged
Easier
Much easier
Attracting & retaining qualified employees should be:
Much harder
Harder
Unchanged
Easier
Much easier
Supply chain management should be:
Much harder
Harder
Unchanged
Easier
Much easier
Inventory management should be:
Much harder
Harder
Unchanged
Easier
Much easier
Obtaining financing or refinancing should be:
Much harder
Harder
Unchanged
Easier
Much easier
Covering financial obligations should be:
Much harder
Harder
Unchanged
Easier
Much easier
7.
What do you anticipate as your biggest business challenge between now and June 30?
8.
Looking ahead, in the third quarter ending Sept. 30, overall business conditions/the economy will likely:
Weaken
Stay the same
Improve
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
10.
How many employees did your company have at the beginning of the year?
0-10
11-50
51-100
101-250
251-500
501-800
801-1,000
1,001-2,500
2,501-5,000
5,001-10,000
10,001-15,000
15,001-30,000
30,001-50,000
50,001-100,000
100,000+
11.
How many employees did your company have at the beginning of the year only in Minnesota?
0-10
11-50
51-100
101-250
251-500
501-800
801-1,000
1,001-2,500
2,501-5,000
5,001-10,000
10,001-15,000
15,001-30,000
30,001-50,000
50,001-100,000
100,000+
12.
How many locations does your business have? (If one, skip questions 13 and 14.)
1
2-5
6-10
11-25
26-50
51-100
101-500
500+
13.
How many states is your business in?
1
2-5
6-10
11-25
26-50
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.
2-5
6-10
11-25
26-50
51-100
101-150
151-195
15.
What is your business's annual revenue?
$50,000-$100,000
$101,000-$250,000
$250,001-$500,000
$500,001-$999,999
$1 million to $3 million
$3 million to $5 million
$5 million to $10 million
$10 million to under $25 million
$25 million to under $50 million
$50 million to under $100 million
$100 million to under $500 million
$500 million to under $1 billion
$1 billion to under $3 billion
$3 billion to $5 billion
+ $5 billion
16.
What industry is your business in?
Agricultural Related
Architectural/Engineering
Banking/Finance/Financial Services
Biotech/Med-Tech/Pharma
Construction
Education/Training
Electronics, Computers & Phones
Entertainment/Hospitality/Restaurants
Food Production/Processing
Health Care Delivery/Services
Insurance & Related
IT Services/Programming/Cloud
Logistics
Manufacturing: Clothing & Textiles
Manufacturing: Household Products/Furniture
Manufacturing: Metal
Manufacturing: Wood, Leather, Paper
Manufacturing: Vehicles & Related
Marketing/Advertising/Communications
Media/News/Sports & Related
Petroleum/Chemicals & Plastics
Professional Services (Legal, Accounting...)
Real Estate
Retail
Transportation
Wholesale Trade
Other (please specify)
17.
What is your position?
Owner/Partner
Chairperson
CEO
President
COO
CFO/Finance Director
CIO/IT Director
CMO/Marketing Director
CHRO/HR Director
Vice President
Senior Manager/Supervisor
Other
18.
If you would like to add anything, please write it here.
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.
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.
Copyright 2020 Kurschner Research
Current Progress,
0 of 20 answered