Headline News!! : 37% of Small Businesses in America couldn’t pay their rent in October.

The Reasons

1. Supply Chain Disruptions
2. High Costs due to price increases from inflation
3. Rising labor costs
4. Inability to find qualified labor
5. General slowdown in consumer spending due to recessionary fears
6. Escalation clauses in most rental agreements

I Can’t Pay my Business Rent – What to Do About It
1. Act Immediately
2. Maintain a good relationship with your landlord
3. Know the repercussions of not paying your rent
4. Understand the landlord’s perspective
5. Be proactive More detail in the video.

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