- According to the survey, the UK’s SMB is upset with growing costs
- Cash flow challenges and global economic problems are also a concern
- Antivist Quick Box says having more insights and control can be key
Small businesses are rapidly disturbing that increasing costs will lead to unwanted pressure as they look for growth and prosperity.
Accounting Software Giant Antivist Quick Box’s new research is predicting more than half (57 %) of the UK’s SMB (57 %) claiming growing costs in the coming months.
Of these, about two -thirds (64 %) said they were worried about the effects on their business, about HALF half (47 %) reporting cash flow challenges.
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SMB is anxiety
The latest quarter of the Antivist Quick Bocus highlights the number of challenges facing SMB in the data, increasing financial and business pressure.
Only half (42 %) said they get from abroad, meaning they are more exposed than global cost pressure, and only more than half (51 %) say that poor financial or resource management is surpassing their business.
To help deal with the pressure, the Antiot Quick Box recommends the surprisingly improved financial management process immediately. These results highlight the need for better financial planning, and financial guidance to help businesses visit the ongoing head winds.
“SMB may not be able to control the global markets, but they could overcome their financial affairs and Better could be better prepared for changes,” said Polin Green, the head of international compliance in the anti.
“Rising costs, supply chain pressure and economic uncertainty, strong financial planning methods play a vital role in helping the business stay on the next feet.”
