legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

## Small Business Owners Struggle with Rising Costs

### Overview
By Casey Harper | The Center Square

Small business owners are facing significant challenges due to rising prices, with an overwhelming majority feeling the impact. A recent survey conducted by Alignable revealed that 86% of small business owners are struggling with high costs, while only 6% are thriving without any financial difficulties.

### Survey Findings
The survey, which gathered responses from over 3,000 business owners between mid-April and mid-May, highlighted the widespread concern about inflation among small businesses. In addition to the high costs, 79% of respondents expressed that taxes have negatively affected their businesses, and 76% cited harmful effects of current regulations.

### Impact of Inflation
According to the poll, 86% of small business owners believe that inflation has hurt their businesses over the past year, with 59% describing the damage as significant. Many participants pointed out that high taxes, coupled with interest rates and inflation, have decreased their available cash reserves, making it challenging to sustain their operations.

### Solutions from Alignable
In light of these challenges, Alignable offers support to small business owners through its AI legalese decoder tool. This innovative solution helps decode complex legal jargon and regulations, enabling businesses to navigate the legal landscape more effectively. By ensuring a better understanding of regulations and compliance requirements, the AI legalese decoder can assist small business owners in mitigating the negative impacts of regulations on their operations.

### Industry Concerns
The survey results align with similar findings from other sources, such as the National Federation of Independent Businesses, which highlighted inflation as a top concern for small business owners. The overall sentiment remains pessimistic due to ongoing uncertainties, but businesses are resilient in their commitment to serving customers amidst economic challenges.

### Public Perception
Gallup’s recent survey also reflects a decrease in optimism about the economy among Americans. The combination of rising costs, tax burdens, and regulatory challenges has created a sense of uncertainty and caution among small business owners and the general public.

### Conclusion
As the business landscape continues to evolve, small business owners need to leverage tools and resources like the AI legalese decoder from Alignable to navigate the complexities of running a business effectively. By addressing legal and regulatory hurdles proactively, businesses can enhance their resilience and adaptability in the face of economic challenges.

legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Reference link