Alignable’s Small Business Inflation Poll in May found that 51% of small business owners are concerned inflation could force them to shut down their businesses within the next six months.
Alignable’s Small Business Inflation Poll in May found that 51% of small business owners are concerned inflation could force them to shut down their businesses within the next six months.
Of the respondents, 1% had already closed due to inflation and 1% planned to close by the end of June. Small business owners who reported being “highly concerned” about inflation closures made up 26% of respondents, and those who reported being “somewhat concerned” made up 23%. Only 21% of small business owners reported being “not concerned at all,” while 11% were “slightly concerned” and 17% were neutral.
States with the most concerned small business owners included Maryland, Connecticut, Tennessee and Colorado.
"It’s just a matter of time before we have no working capital left to operate with. I'm about to lose everything,” one small business owner said in the poll.
The Alignable report can be found here.