As the economy begins its recovery, small business owners say they face two main challenges: Finding qualified employees and adjusting to reduced sales totals.
Businesses also cited cash flow, the economy, increase in production costs, capacity constraints and supply chain disruption as ongoing challenges.
How do we know that? From May 10-25, 2021, ADP surveyed more than 2,000 small business owners. It’s called the ADP Small Business @ Work Survey. The surveys will be done quarterly, with the results discussed via a webinar.
ADP Chief Economist Nela Richardson said that research should be ongoing as the business changes are “ongoing and evolving.”
