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More than a third of small business owners said 2024 has been the slowest year for business that they have seen for the past five, with the smallest firms struggling most. Companies with fewer than 10 employees have struggled the most, according to data from VistaPrint, with many reporting a lack of access to finance was one of the main things preventing expansion. In fact, a third of all small business owners said access to finance was one of the biggest challenges they have faced so far this year.
Stifled growth: Small business owners say the cost of living has impacted their ability to grow While the cost of materials was also highlighted as a hurdle to growth by 39 per cent, 72 per cent of business owners said the cost of living was one of the main challenges. The research by VistaPrint comes as it launches its 'Realising the Remarkable' funding programme,..
. Harvey Dorset.
