For 30.5% of small business owners, inflation is of extreme worry. Not only that, but now small business owners are ranking it as a top concern, with nearly two-thirds or 62.5% saying they have general concerns about inflation, along with rising prices.
This insightful and timely data about the state of small business comes from SCORE, the nation’s largest source of free, expert small business mentoring and a resource partner of the U.S. Small Business Administration.
For its Spring 2022 Megaphone of Main Street: Inflation & the Economy report, SCORE asked more than 1,000 small business owners how they felt about the current economy and inflation, how turbulent economic factors have affected their profitability and what they have done to protect their businesses in response.
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