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Home>Study: Floods, Fires, and Sales Slowdowns Rank as Top Threats to Small Businesses

Study: Floods, Fires, and Sales Slowdowns Rank as Top Threats to Small Businesses

Study: Floods, Fires, and Sales Slowdowns Rank as Top Threats to Small Businesses

09/27/2017

Study: Floods, Fires, and Sales Slowdowns Rank as Top Threats to Small Businesses

National survey finds that threats to business revenue and the physical store are considered most damaging; 1 in 5 SMBs would shut down within 30 days if sales stopped completely

Womply, the leader in front office software for small- and medium-sized businesses (SMBs), today released the results of a national study ranking the most dangerous threats to American small businesses, and their preparations to cope with various business risks.

The study, which polled 2,261 small business owners in all 50 states, revealed that threats to company revenue and the physical store are seen as most damaging. Specifically, respondents said the five most impactful threats to their businesses would be:

1. Major damage from a flood, fire, etc.

2. A major slowdown in sales

3. Theft or robbery at the place of business

4. A natural disaster, such as an earthquake or hurricane

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