The report was based on an online survey in June of 703 business owners at companies with fewer than 100 employees.
According to the study, the single most important problem identified by small-business owners this year is inflation (20%), followed by taxes (17%), poor sales (15%), quality of labor (10%) and insurance (9%). By comparison, only 4% of respondents identified inflation as the No. 1 problem in a similar study conducted last year by NFIB.
That study found that taxes were the biggest concern of small-business owners (23%), followed by insurance (18%), poor sales (13%) and quality of labor (13%).