Small and microbusiness study: 50% of entrepreneurs noted a deterioration in business

More than 50% of entrepreneurs believe that the situation in business has worsened in the last year, which has passed since last spring. Such data is contained in a study conducted by Tiburon Research. At the same time, one third of respondents did not notice the dynamics in the state of affairs, and 20% of lucky ones noted an improvement.

In March-April 2023, Tiburon Research conducted a survey of 400 small entrepreneurs, managers and chief executives of enterprises with annual income up to 100 million rubles.

The largest problem of small business in Russia is growth of prices for raw materials and materials, it was named by 45% of businessmen as the reason for the deterioration. About a third of those surveyed (33%) said sanctions are obstacle for them to earn, almost the same part (31%) record a decline in sales, and 29% note reducing consumer interest in goods and services.

Nevertheless, entrepreneurs do not give up and hope for the best: survey participants expect an increase in the purchasing power of the population, strengthening the national currency, reducing the cost of materials. Small business expects also state support – just over half of those surveyed (52%) hope for a reduction in the tax burden, and 30% hope for low-cost loans.

But the Russian small business also plans to develop the business independently.

About 38% are going to start working with new suppliers in Russia, and 19% expect to develop business abroad. About 25% of small businesses will cut spending, about 10% will cut salaries and take loans.

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