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Small business owners reveal ‘out of this world’ impact to their bottom lines

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It's true that American small business owners are less optimistic about their livelihoods today, as some sound off on inflation and the economy being the 'hardest' hurdle.

Some small business owners are pointing their fingers at one big macroeconomic change that has left them feeling more pessimistic about their futures than ever. "The rising cost of goods is out of this world at the moment. I can't afford to raise my prices any more than I already have," Stephanie Coco, owner of Steph’s Creativity Corner, said on "The Bottom Line" Monday.

"I have a really good relationship with my customers, and I feel that if I continue to raise my prices, they're going to be looking elsewhere and going for the easy fix like Amazon, Walmart or Target," Coco said. "So I need some type of relief in that area so I don't have to continue to raise my prices as a small business," she continued, "and the only toy store on Staten Island.

 

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