More than 40% of small and medium-sized businesses recorded a decrease in their income due to the decline in the ruble exchange rate and the increase in the key interest rate – these are the results of a survey on the MoySklad service among 1,275 companies (now available socialbites.ca).
According to the study, 19% of respondents recorded a 10-30% decrease in their income, another 11% recorded a 10% decrease, 8% recorded a 30-60% decrease, and 3% lost more than 60% of their income. At the same time, the turnover of 49% did not change, and the turnover of 5-8% even increased.
According to the research, the biggest obstacle to doing business is inflation, stated by 31 percent of the survey participants. According to entrepreneurs, the second most negative trend is the decrease in demand (25%).
While 18 percent of entrepreneurs complained about logistical difficulties and difficulties in procuring goods from abroad, 8 percent stated that they felt a shortage of funds. Some participants stated that advertising in marketplaces and the need to label products posed a challenge for them. At the same time, 30% of entrepreneurs stated that they did not experience any difficulties.
Often companies react to this situation by increasing prices; 38% of survey respondents gave this answer. 11 percent switched to Russian goods, 9 percent switched to cheaper goods, 4 percent took a loan or plan to take it.
Before that Russian entrepreneurs said About state support measures for small and medium-sized businesses.
Previously Ministry of Labor sort of Number of Russians working in the shadow sector.