Small business owners battle inflation

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The majority of the nation’s landlords are individual investors. They own about 23 million units spanning 17 million properties, according to the U.S. Census.

Forty-two percent of small business owners say the ongoing pandemic is hindering the growth of their business, according to a study conducted by Clarify Capital.

Another 30 percent said the state of the economy, specifically inflation, was also hurting their business.

Additionally, 82 percent of small business owners polled said the pandemic had created issues for them, including increased uncertainty (44 percent), hindered growth (38 percent), lower sales (37 percent), and decreased revenue (34 percent).

Sixty-five percent of respondents said they did not have the capital needed on hand to grow their business, and 40 percent added they did not have options to acquire the necessary capital.

Among those who knew how much capital they required to grow, 64 percent said they needed at least $10,000, 49 percent said $5,000, and 37 percent said $2,000.

The news is not all gloom, however. Heading into the fourth quarter of 2021, 38 percent of small businesses are projecting growth. Another 31 percent said they grew slightly, and only 8 percent said they declined or declined slightly.

Approximately 65 percent of owners polled said they felt confident about their ability to take the next step, with only 5 percent saying they were not confident.

Clarify Capital surveyed 356 entrepreneurs and small-business owners aged 18 to 79 in the U.S. Of the respondents, 278 were earning consistent monthly revenue, 272 were making a profit, and 192 were drawing a salary or other compensation from their business.


Source Luca Cacciatore