{"id":5843,"date":"2022-03-23T12:02:27","date_gmt":"2022-03-23T18:02:27","guid":{"rendered":"https:\/\/web.blockadvisors.com\/?p=5843"},"modified":"2024-06-28T10:53:23","modified_gmt":"2024-06-28T16:53:23","slug":"study-reveals-small-businesses-biggest-concerns-for-2022","status":"publish","type":"post","link":"https:\/\/www.blockadvisors.com\/resource-center\/news-center\/study-reveals-small-businesses-biggest-concerns-for-2022\/","title":{"rendered":"Study reveals small businesses&#8217; biggest concerns for 2022"},"content":{"rendered":"\n<p><em>H&amp;R Block\u2019s Block Advisors \u201cSmall Business Resilience Series\u201d study reveals both challenges and optimism as small businesses come back from pandemic setbacks<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-challenges-on-the-horizon\">Challenges on the Horizon<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large\"><a href=\"https:\/\/web.blockadvisors.com\/wp-content\/uploads\/2022\/03\/Infographics_Vertical-Website-orientation_rev-0.18-1.jpg\"><img decoding=\"async\" src=\"https:\/\/www.blockadvisors.com\/resource-center\/wp-content\/uploads\/2022\/03\/Infographics_Vertical-Website-orientation_thumbnail.jpg\" alt=\"small business resilience series infographic\n\"\/><\/a><figcaption class=\"wp-element-caption\">Click image to view full size<\/figcaption><\/figure>\n<\/div>\n\n\n<p>New research from Block Advisors, a part of H&amp;R Block (NYSE: HRB), found that the three biggest challenges businesses expect to face this year are inflation\/rising cost of goods (78%), cutting expenses (55%), and supply chain disruptions (54%) based on a survey by H&amp;R Block of 1,100 Block Advisors customers.<\/p>\n\n\n\n<p>\u201cSmall business owners continue to weather the storm, but hope is on the horizon,\u201d said Jamil Khan, Chief Strategy and Small Business Officer at H&amp;R Block. \u201cSmall business owners have made strategic pivots to ensure they are able to continue operations during ongoing pandemic-induced uncertainty. Block Advisors is proud to serve as an important partner as small business owners work not only to survive, but to thrive, in this environment.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-optimism-for-a-brighter-tomorrow\">Optimism for a Brighter Tomorrow<\/h2>\n\n\n\n<p>Even with this challenging backdrop, more than half of all small business owners (59%) are proud of their resilience as they face new challenges.<\/p>\n\n\n\n<p>Specifically, recent data from the \u201cSmall Business Resilience Series\u201d study of 1,100 small business owners notes that while a majority of small business owners believe that the pandemic has had a moderate or large negative impact on their business, most (70%) are not concerned about their business closing\/ceasing operations in 2022.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-help-for-small-business\">Help for Small Business<\/h2>\n\n\n\n<p>Block Advisors is a resource for small business taxes, bookkeeping, and payroll and is proud to support more than 2 million small business with taxes each year through thousands of small business-certified tax pros across its 8,000 offices.<\/p>\n\n\n\n<p>Many small businesses are not tapping into the resources they need. According to the survey, most businesses perform their own bookkeeping (58.8%), and do not use payroll software\/services (61.3%). Block Advisors is built for small business and here to help with year-round small business success.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>H&amp;R Block\u2019s Block Advisors \u201cSmall Business Resilience Series\u201d study reveals both challenges and optimism as small businesses come back from\u2026<\/p>\n","protected":false},"author":1,"featured_media":5851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19,1238],"tags":[],"class_list":["post-5843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-center","category-motivation"],"acf":[],"yoast_head":"<title>Small Business Resilience Survey &amp; Infographic | Block Advisors<\/title>\n<meta name=\"description\" content=\"New research from Block Advisors reveals both challenges and optimism as small businesses come back from pandemic setbacks. 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