Rather than spending time planning for the future, many business owners are finding themselves moving back to front lines—working the floor and getting their hands back into day-to-day operations. In this new reality of increasing minimum-wages, business owners struggle with growth because they’re too busy sweeping floors and taking out the garbage. However, this is the new reality for many entrepreneurs, and it could have dire affects on the small business community—leading to stress, reduced store hours, lower sales, and ultimately an up-tick in Proposals to Creditors and bankruptcies.
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Rising wages put small business owners back on the front lines was last modified: October 12th, 2018 by Licensed Insolvency Trustee