The health, the economic conditions, businesses, and education are impacted by the COVID19 pandemic. Thus, all the companies, industries, educational industries were closed for a certain time due to the pandemic situation. Thereafter, the stoppage of several industries and companies has impacted the business organizations at a great level and this is the main focus of this particular study. Apart from that, not only the industries and companies but also the transport systems were closed during the COVID19 pandemic situation. The study sheds light on the concept of impacts of the pandemic situation on the performance of the business companies as well as the economic growth of the companies. The researcher has used secondary method for collecting information and analyzed all those information qualitatively. Effects of the pandemic situation and some specific strategies to overcome the situations are described in this study. Apart from that, the positive sides of the pandemic The situation for some companies is also disclosed in the study.