June 2022
Quarterly State of Small Business Report
Interest Rate Hikes and SMB Worries
As inflation continues impacting the way small business owners are thinking about their next move both internally or externally, interest rates are now another factor hitting businesses hard. We dig into how businesses are preparing for a recession and their current perspectives while navigating changing dynamics in the labor market.
About the report
The report focuses on how small businesses are being impacted by higher than average inflation, interest rate hikes, impending recession and what actions they are taking—as well as their outlook and expectations for the remainder of 2022 and beyond.
Get the State of Small Business Report
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State of Small Business Report
Previous editions
2022 Q1 Edition
Grappling with Inflation Pressures
This report focuses on how small businesses are being impacted by higher than average inflation and what actions they are taking (or not taking)-–as well as their outlook and expectations for 2022 and beyond.
2021 Q4 Edition
You and Your Supply Chain
As concerns over worldwide shipping delays and shortages continue to grow, we checked in with small business owners to gain perspective on the impact of COVID-19, supply chain disruptions, and the varying solutions to this global crisis.
2021 Q2 Edition
Challenges and Paths Forward
This report looks at the varying perspectives of businesses on vaccine requirements, their staffing plans and recruitment strategies, the impact of the Delta variant, and their overall confidence in the economy.
2021 Q1 Edition
COVID-19 Reflections and Economic Outlooks
This report explores the varying attitudes towards banking and payments services like cryptocurrencies and neobanking, the overall outlook on the 2021 economy, and how small business needs have evolved as a result of COVID-19.
2020 Q4 Edition
2020 State of Small Business
Q4 proved to be a very challenging time for small business owners, as they were directly impacted by this quarter’s sharp rise in COVID-19 cases, political tensions, increased government regulations and the predicted business impact of the upcoming COVID-19 vaccine roll-out.
2020 Q3 Edition
Pre-Holiday Snapshot
This quarter, business owners have found themselves completely reimagining how they do business. Themes explored in this report include the strategic changes small businesses have made or are making, as it applies to supply chain operations and partnerships.
2020 Q2 Edition
Challenges and Paths Forward
Moving forward in a world disrupted by COVID-19, it is safe to say small businesses will continue to take a cautious approach in the months ahead. Small business owners have no plans to let their guard down, as the vast majority of respondents anticipate COVID-19 will impact their business in the next 12-16 months.