Posted by Aston Avery

Small business owners suffering in silence

Small business owners are feeling the brunt of the rising cost of living on their mental health as well as their bottom lines, according to research from HSBC UK.

One in four (26%) small business owners are reporting that cost of living pressures are causing a decline in their wellbeing.

Businesses reported rising inflation was the main threat to their company (41%), followed by the decline in consumer spend (38%), rising energy costs (36%), wage inflation (22%) and cash flow management issues (19%).

Aston spoke to psychologist Jo Hemmings.

Photo by Glenn Carstens Peter on Unsplash

Ads help us keep this site online