Posts tagged "cost of doing business"

Constrained consumer spending, interest rate anxiety, and sheer exhaustion are likely to weigh on small businesses in 2024, advocates say, as entrepreneurs seek opportunity in what could be another challenging year.

Regional businesses were also more concerned about the rising costs of goods or services, with 73% in country areas registering their worries compared to 64% in the cities.

The rising cost of doing business is attributed to wage pressures, the cost of goods and services, and cash flow management, the study highlighted.

Small-business owners are sacrificing sleep and personal time to keep their doors open amid billions in administrative and red-tape costs.