We Asked 396 Business Leaders: Is Your Company Flourishing or Surviving?
BOSS Survey shows more companies are doing well despite hiring problems and a sharp rise in vendor prices.
What are Your Company’s Prospects Over the Next Two Years?
*dnk: do not know or did not answer
What’s the Condition of Your Business?
The owners and executives of businesses with fewer than 10 employees were most likely to say “barely surviving” – 18% of them said that. Not one company with over 100 employees gave that description.
*dnk: Did not know or did not answer
Is it Harder to Hire Than Before the Pandemic?
Did Your Vendors Raise Prices More This Year Compared to Previous Years?
Two groups disproportionately suffered from big price increases by their vendors this year:
- Retail companies (68% of that group).
- Neighbor Island businesses (65%).
Did You Raise Prices on Your Products and Services?
39% : That’s how many of the retail companies surveyed raised prices quite a bit.
What Has Been the Impact of Higher Gasoline Prices?
We asked business leaders: How have gas prices impacted your company? In a separate poll, we asked the general public about the impact of higher gas prices on their personal finances.
- Only 27% of Neighbor Island companies say they were not impacted by rising fuel costs.
- Among the general public, two overlapping groups disproportionately say they have been severely harmed by high gasoline prices: people in households making less than $50,000 a year (33% of that group) and people with children (30%).
