Small businesses are still struggling: ‘I have yet to bring home a single dollar’ [Video]

Small businesses are still struggling as they continue to face a host of economic challenges.

Shilpa Sankaran, founder of Wisconsin-based KOSA Ayurvedic Spa, opened up her shop before the pandemic. She’s battled through difficult times. From coronavirus-related disruptions, staffing challenges and higher interest rates. However, she hasn’t made a profit.

Despite surging business and being ranked by National Geographic Travel as one of the top 21 wellness retreats in the world, “I have yet to bring home a single dollar,” Sankaran said. 

According to the National Federation of Independent Business’ (NFIB) latest survey of roughly 1,200 small businesses, a seasonally adjusted 20% more business owners reported lower sales in the past three months, the lowest since July 2020. The data also showed that a seasonally adjusted 26% of them said they hiked prices in October. 

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Sankaran wasn’t one of them, though she said her “costs go …