Joe Walsh, CEO, Thryv.
Small business owners have many upfront costs to account for as they construct business plans and growth strategies.
Today, as you move down the business chain into purchasing supplies and materials, you’re more often met with supply chain constraints and unreasonably high prices. Then comes the employee talent shortage. I’ve found that it costs more money to attract and retain talent since the pandemic. And once you do have employees, getting them around in company vehicles—if your business has them—means paying almost 50% more to fuel the fleet than in previous years.
On top of all that, there’s the looming “R” word, and a sharp downturn threatens to plummet the economy and cripple small businesses in the process. It’s easy to understand why being a small business owner is a tough gig in 2022 and why many are preparing for, or