Small business owners are trying to adapt and maintain positive outlooks toward a recovery amid surging economic concerns.
An annual small business report released by Bank of America showed that although entrepreneurs feel confident about rising revenue and growth for their businesses, their confidence is suffering.
The report indicated business owners were most concerned about how inflation, commodities prices and the country’s political environment would impact their livelihoods.
And while those three markers are really fueling uncertainty and anxiety, issues surrounding supply chain woes and the cost of doing business are still problematically looming overhead.
A full 88 percent of small business owners said inflation was impacting their operations, pushing them to raise prices, reevaluate spending, cut business costs and increase employee wages while in some cases, losing…