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Don’t let the cost of living crisis take your biz down.
The cost of living crisis has the majority of the world in a chokehold. From price hikes at grocery stores to rising rent costs, it’s no surprise people are doing it tough, especially small businesses.
In a survey conducted by Aussie tech platform Thriday, 38% of 200 small businesses said they experienced losses in the previous financial year. The contributing factors included “stagnant growth, inflation, and cost pressures”.
Thriday’s CEO and co-founder, Michael Nuciforo explained that this collaboration gives small businesses a chance to not only “survive but thrive” in uncertain economic times.