Internet Marketing Agency in West Palm Beach Reports Inflation is Small Business Owners #1 Concern

Aug. 31, 2009 - PRLog -- A new study by the National Federation of Independent Business, reports 20 percent of small-business owners cited inflation as their most pressing concern. The findings were released by the NFIB Research Foundation, which has tracked small-business trends across the country since 1973.

According to the study, 41percent of small businesses increased their selling prices, while only 13 percent reported a reduction. During periods of low inflation, those two figures would be about equal. For the last quarter-century, only about 3 percent of small-business owners listed inflation as their primary concern. But the level has soared to 20 percent.

In past years, many small businesses have been able to absorb these costs and remain competitive, but now more of them have to pass these increases on to their customers and it's a much bigger issue. Inflation is of great concern.

The bottom line is, the small-business owner is caught in the middle, between customers who are feeling the crunch in their pocketbooks and are looking for discounts and the vendors, who are charging higher prices because of fuel costs.

New techniques and strategies must be implemented to remain in business and prosper in this quickly changing economy.  For a Market Analysis and Competitive Report contact http://www.SkunkworksSolutions.com who continually creates solutions for businesses in the West Palm Beach area of Florida.

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Skunkworks Solutions utilizes cutting edge strategies to create and implement state of the art multi media campaigns that transition a business from out dated traditional marketing methods into highly targeted, results based, technological campaigns.

Visit http://www.SkunkworksSolutions.com to survive the changing economy.