Xero survey reveals more stress for small business owners

Xero survey reveals more stress for small business owners
A Xero survey paints a picture of increasingly stressed small business owners. (Image: Getty)
Staff reporters
A survey of 500 small businesses says 60% of sole traders and 46% of small business owners are running companies that aren’t earning enough to pay them a wage. Just over half of those surveyed (52%) have increased their prices to solve cashflow issues, and 48% said they were reviewing costs to cut.One in three businesses said they were not confident they could absorb the impact of a financial shock.The survey was commissioned by Xero and run by Insights Exchange. Xero New Zealand country manager Bridget Snelling said small...

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