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Life’s tough for small business owners, but forced tipping is a bad idea | US small business
A restaurant in Hyde Park, Ohio, called Dutch’s has this on its expenses: “We provide dwelling wages to our staff partially funded by a 20{8ba6a1175a1c659bbdaa9a04b06717769bcea92c0fdf198d429188ebbca09471} automatic gratuity.” The rationale driving this? Profitability, of system. “Restaurants are at the rear of the 8-ball, and we are taking a good deal of the expenditures on and are trying to figure out variety of yet again reactively,” the operator of Dutch’s advised a community news station. I get it. It’s not quick to run a restaurant currently, what with lingering supply chain difficulties, soaring fees, labor shortages and a slowing financial state. But including an automatic gratuity to a customer’s monthly bill is…
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Main Street hits its inflation tipping point
Joe Raedle | Getty Images News | Getty Images The latest Consumer Price Index reading, the highest in four decades, isn’t the only sign that inflation is extending rather than giving up its hold over the U.S. economy in 2022. An increasing number of American small businesses say they are now passing on higher costs to customers, or soon will be forced to make that decision. While the 74{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} of small business owners who say they are experiencing rising costs of supplies is virtually unchanged from Q4 2021, according to a new CNBC/SurveyMonkey Small Business Survey, the number of businesses passing on costs to customers has risen to 47{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} in…
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