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Report: One-third of small business owners worry they’ll close every week
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KESQ
A third of all small business owners (33%) worry about unexpected issues and risk of closure at least once per week.
They’re looking ahead with more caution than their more established peers:80% of new business owners expect business risks to increase over the next one to two years, compared with 53% of established business owners.
78% of new business owners feel their business is more exposed to challenges today than when they first launched, versus 49% of established owners.
The small business risk landscape is becoming increasingly complex, exposing business owners to a wider range of threats than many anticipated when launching their companies.
MethodologyERGO NEXT Insurance surveyed 501 U.S. small business owners, founders and sole proprietors about their business risk profiles.