Verizon's latest annual survey of small businesses shows owners are increasingly worried about their own financial security with inflation top of mind.
survey found a growing number of small business owners are worried about their financial security with inflation cited as their biggest headache.The annual State of Small Business poll conducted by Morning Consult and released Thursday shows rising prices remain decision-makers' prime concern, with more than 82% of respondents expressing worries over inflation.
Lynn Gooden, 44, updates inventory in her business, Mother's Hair Beauty Supply, Aug. 16, 2022, in Houston. The latest Verizon Small Business survey shows owners are increasingly concerned about their own financial security. Verizon's survey also found that, of owners polled last month, 72% said they are concerned about their own financial security, up from 66% last year and 67% in August 2020.Supply chain woes remain a pain point too, particularly for certain industries, Verizon found.
Keeping up inventory levels and fulfillment schedules was cited as a concern of 72% of respondents from theSupply chain issues remain a particular pain point for several industries.
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