The economic climate has many small businesses making tough decisions to stay afloat. 

Strong inflationary pressures and a drop in consumer demand has meant costs are sky high for many businesses.

Requests for redundancy and restructuring support has surged by 50% this year and liquidations are up 500%.

Small Business Voice CEO Max Whitehead told Tim Dower this just proves how hard it is for small businesses at the moment. 

He says while economists are saying things are getting better that isn't what they're feeling on the bottom floor.

LISTEN ABOVE

The economic climate has many small businesses making tough decisions to stay afloat.  
Strong inflationary pressures and a drop in consumer demand has meant costs are sky high for many businesses. 
Requests for redundancy and restructuring support has surged by 50% this year and liquidations are up 500%. 
Small Business Voice CEO Max Whitehead told Tim Dower this just proves how hard it is for small businesses at the moment.  
He says while economists are saying things are getting better that isn't what they're feeling on the bottom floor. 
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.