The majority of small business owners are expecting the cost of running a business to rise significantly during 2008, according to research carried out by the Royal Bank of Scotland Business.It found that most of those questioned believed that rises in costs where inevitable, with many citing rising interest rates, rent, tax, property prices, supply and salary costs as the most pressing concerns.
Three quarters of business expect the cost of supplies to go up during 2008 adding to pressure to raise prices.
"Small business owners are acutely aware of the impact that additional fixed costs can have on the bottom line, and the majority will have seen many of these costs increase exponentially over the past few years," said Ivan Matviak, head of Royal Bank of Scotland Business Banking.
Advertisement
Related Stories
- Daily deals websites get the Apprentice treatment May 23rd 2012 at 9:58PM
- iPad boosts April online sales to strongest in 18 months May 22nd 2012 at 10:53AM
- Dixons reports growth in UK sales in latest statement May 10th 2012 at 9:14PM
- TP-Link partners with Asda May 9th 2012 at 2:46PM
- Are you selling the Connected Home? May 2nd 2012 at 12:53PM
- Clare Rayner: Climb the 10 Steps to Retail Success May 2nd 2012 at 11:43AM
- Tesco sees UK profits fall Apr 18th 2012 at 10:51AM
- Serif agrees Asda deal Apr 17th 2012 at 2:27PM
- NCsoft gives headstart to gamers who pre-purchase Guild Wars 2 Apr 12th 2012 at 9:34AM
- Have you signed up for the PCR Retail Boot Camp? These dealers have... Apr 12th 2012 at 9:06AM
