Our research report into the impact of the recession and uncertain financial times on Black business owners is out now. Download it below.
In Autumn 2022, we asked 200 Black British business owners how they expected to be impacted by the cost-of-living crisis and looming recession. At a time when customers and companies alike were feeling the pinch, we had observed a change in sales pattern as well as increasing prices across the businesses in our network.
We knew it was important to quantify this change in order for the appropriate solutions to be delivered.
In this report, we demonstrate that Black business owners are concerned about, and feel largely unequipped for, uncertain financial times. Sales are slowing and costs are rising, and many do not feel they have access to valuable business resources to help them out of difficulty. We also provide some useful insights into revenue and income that will help build a better picture of the Black entrepreneurial community.
Black business owners are concerned about, and feel largely unequipped for, uncertain financial times
This report is based on a ten-part questionnaire we shared with our network, who then shared it with community groups, friends of friends, family and fellow Black business owners.
Download the report below.