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The Great Lockdown and accompanying principles, such as social-discrimination restrictions and demand swings triggered by constantly varying health and economic conditions, have had a significant impact on small enterprises and new projects. However, the COVID-19 epidemic has not only forced the closure of many firms, but it has also paved the way for new generations to enter the world of small companies. Many businesses were compelled to terminate staff as a result of the shutdown and terrible economic conditions. This resulted in a massive increase in unemployment around the world, as well as a near-zero chance for new and fresh talent to break into the corporate world. Indeed, extensive research and studies conducted during the epidemic revealed that current personnel of organisations and institutions were not fully compensated. New youthful entrepreneurs have been seen coming up with innovative concepts and turning them into successful firms. There has been little research on young entrepreneurs, thus this paper examines the consequences of the Corona Virus Outbreak (Covid-19) on small companies conducted by young people of the city Bilaspur in the state Chhattisgarh.