Less efficient employees was the most common problem in startups in Belarus caused by the political crisis of August-September 2020, as per roughly 80 percent of respondents in October 2020. Around one third of business owners also mentioned internet blockages as a negative result of the crisis, along with the detention of company employees.
Problems faced by startup-companies due to the crisis of August-September 2020 in Belarus as of October 2020
Characteristic
Share of respondents
Drop of employee efficiency
79.5%
Inability to perform work tasks due to internet blockages
32.8%
Company staff was affected (detained, still not freed)
31.5%
Participation of founders in public protests, activities and volunteer work
26%
It became necessary to take measures for relocation
21.9%
There were threats to the existence of business
12.3%
It became necessary to implement security measures
11%
Cancellation of planned investment deals
11%
Decrease in sales or loss of clients
9.6%
Cancellation of business expansion projects
5.5%
Problems with money flow
4.1%
Inability to pay salary to the employees in full
4.1%
There were losses due to the instability of the currency exchange rates
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bel.biz. (October 16, 2020). Problems faced by startup-companies due to the crisis of August-September 2020 in Belarus as of October 2020 [Graph]. In Statista. Retrieved December 04, 2024, from https://www.statista.com/statistics/1200052/problems-in-startups-due-to-the-political-crisis-in-belarus/
bel.biz. "Problems faced by startup-companies due to the crisis of August-September 2020 in Belarus as of October 2020." Chart. October 16, 2020. Statista. Accessed December 04, 2024. https://www.statista.com/statistics/1200052/problems-in-startups-due-to-the-political-crisis-in-belarus/
bel.biz. (2020). Problems faced by startup-companies due to the crisis of August-September 2020 in Belarus as of October 2020. Statista. Statista Inc.. Accessed: December 04, 2024. https://www.statista.com/statistics/1200052/problems-in-startups-due-to-the-political-crisis-in-belarus/
bel.biz. "Problems Faced by Startup-companies Due to The Crisis of August-september 2020 in Belarus as of October 2020." Statista, Statista Inc., 16 Oct 2020, https://www.statista.com/statistics/1200052/problems-in-startups-due-to-the-political-crisis-in-belarus/
bel.biz, Problems faced by startup-companies due to the crisis of August-September 2020 in Belarus as of October 2020 Statista, https://www.statista.com/statistics/1200052/problems-in-startups-due-to-the-political-crisis-in-belarus/ (last visited December 04, 2024)
Problems faced by startup-companies due to the crisis of August-September 2020 in Belarus as of October 2020 [Graph], bel.biz, October 16, 2020. [Online]. Available: https://www.statista.com/statistics/1200052/problems-in-startups-due-to-the-political-crisis-in-belarus/
