Small business owners struggle: half do not pass on higher costs

Research conducted by ING among over 500 small and medium-sized enterprises and independent professionals reveals that more than half are absorbing rising costs rather than passing them on to customers. This financial strain is forcing many businesses to delay essential investments in expansion, staffing, and sustainability efforts. Almost 30 percent of these entrepreneurs express regular concern regarding their financial stability, representing a notable increase compared to the previous year.

Confidence in future economic conditions has declined, with roughly half of the surveyed business owners doubting that government policy will prove beneficial. Entrepreneurs frequently cited rising taxes, frequent regulatory changes, and a lack of clear direction as primary sources of frustration. The prevailing uncertainty has also impacted personal financial security, as many report a lack of funds for pension contributions or disability insurance. Consequently, while most businesses remain stable for now, the ongoing pressure is significantly hindering long-term planning and financial health across the sector.