Taking clients out to lunch, delivering goods and performing service duties are what drive entrepreneurs to success. Microbusiness owners and the self-employed depend on transportation to provide their products and services. However, escalating energy costs are making it more difficult to survive and profit as a microbusiness owner.
An online poll from the National Association for the Self-Employed (NASE) asked members how rising gas prices are affecting their business. Over 70 percent of microbusiness owners agreed that rising gasoline prices are significantly or moderately hurting their businesses. Nearly half (43 percent) of respondents increased prices to compensate for the growing costs of fuel.
“Microbusiness owners often depend on their cars to connect with their consumers or use shipping services to mail products,” says NASE president Robert Hughes. “Most people did not account for such increases in their travel or shipping budgets for the year.”
This year, the self-employed will need to revise their budgets to accommodate increasing energy costs. In the meantime, several options to stabilize energy costs are supported by the...
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