Snowpocalypse causes 24 percent drop in small business' sales

Date: March 16, 2015

Massachusetts' entrepreneurs weather economic blizzard

It’s not only snow that Massachusetts small business owners
find themselves digging out from. 

Business owners across the state are trying to get on top of a
24 percent sales-dip caused by record snowfall amounts this winter, according
to a survey by NFIB, Massachusetts Business Roundtable and the Retailers
Association of Massachusetts. Owners of retail operations and restaurants
suffered a 49 percent drop in sales. Some 1,600 small business owners were
surveyed, and the majority had less than $5 million in annual sales.

The sales drop “will result in large profitability losses and
cash flow issues for the small employers,” according to findings.

Question: How has this year’s record snowfalls impacted your
small business? Tell us in the comments section below. 

Related Content: News | Economy | Massachusetts

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