No Sign Of Recovery Yet For Small Business
Fewer customers and reduced spending per customer are holding back small business recovery, says a survey results by the Canadian Federation of Independent Business. Its weekly ‘#SmallBusinessEveryDay’ recovery dashboard shows the majority of businesses are still reporting lower than normal sales. Challenges to getting back to normal sales include fewer customers (58 per cent), customers spending less on average (48 per cent), and operational challenges such as online sales, shipping, and interrupted supply chains (27 per cent). Government restrictions (20 per cent) and not being able to find staff (18 per cent) are also causing lower than normal revenues.