Small biz feels the squeeze.
Welcome to the Know the Difference Minute for Wednesday, April 13th.
Even though almost half of Small Businesses report open positions, staff shortages are no longer their top concern.
Instead, it’s about inflation. The March Small Business Optimism Index is reporting inflation has shoved aside labor issues as the #1 concern. 
Fighting to survive, 72% of small businesses have raised prices. Within small business sectors, the hikes are most pronounced in wholesale, construction, agriculture, and retail.  
Used to be, when people heard Small Business, they thought of mom and pop operations. Nothing could be further from the truth. Revenue can range between 1 and $40 million and employ between 100 and 1500. In fact, small businesses make up: 99.7 percent of U.S. employer firms,
Based on those stats, you’re probably driving by or working at one right now. 
I’m Dave Spano from Annex Wealth Management.  That is your Know the Difference Minute.