If you’re a small business owner, chances are you’ve been checking the forecasts for signs of rising inflation. According to recent surveys, while the majority of small businesses aren’t too worried about their internal finances, growing inflation rates are one of the top concerns they have. Around 96% of small business owners plan on voting in upcoming presidential elections, and they want to hear how these candidates plan to reduce inflation.
By the numbers:
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31% of small business owners describe the U.S. economy as “excellent or good.” 39% describe the economy as “fair,” and 29% view it as “poor or very poor.”
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64% of small business owners report operating at or above pre-pandemic levels.
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33% of small business owners view finding and keeping good employees as their most significant problem. 26% view inflation as their top problem, followed by affordable employee benefits (18%) and access to capital (16%).
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71% of small business owners report that inflationary pressures have increased over the past 3-months.
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Mark your calendars, get Set: Fall taxes are almost a GO!
