On one side, we have the jagged rocks of rampant inflation – ready to impale business models, destroy margins and drive away customers. READ MORE: Caledonian MacBrayne should be treated as national treasureAnd, just as the economy could go one way or the other, so too might many of the small businesses which comprise it. Not only does a multinational have very different needs and priorities to those of a local family-run shop, there’s a huge range of views and experience within small businesses themselves. If you look at the results of our recent Big Small Business Survey, for example, it’s striking that there are so many questions on which respondents are split. Colin Borland is director of devolved nations for the Federation of Small Businesses (FSB)

Source: The Herald June 26, 2023 15:34 UTC