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

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.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Small Business Administration offers assistance for small biz hurt by Maryland bridge collapseThe Small Business Administration is offering assistance to those affected by the bridge collapse in Maryland. The bridge was a key transportation route in the region. Small businesses in the Mid-Atlantic region will be eligible for low-interest, long-term Economic Injury Disaster Loans of up to $2 million.
Source: AP - 🏆 728. / 51 Read more »

House Republicans to host showcase to honor National Small Business WeekRepublicans on the House Small Business Committee are holding a showcase this week for small businesses in honor of National Small Business Week.
Source: dcexaminer - 🏆 6. / 94 Read more »

City of Montgomery & Montgomery County mark Small Business Week with events, new support programs for ownersIt’s National Small Business Week, an annual event hosted by the U.S. Small Business Administration to recognize small business owners nationwide.
Source: wsfa12news - 🏆 338. / 59 Read more »