Cost of living crisis

ended 28. February 2022

We're looking for 12 small business owners in England, Wales, Scotland and Northern Ireland who are happy to share detailed information about their finances, and how they're coping amid the cost of living crisis, e.g.

  • Food (eating at home, meals out and coffees, etc)
  • Energy (gas, electricity bills)
  • Transport (fuel and travel/commuting costs)
  • Housing (mortgage or rent payments and council tax, etc)

Let us know if you're interested!

15 responses from the Newspage community

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"I’d like to be considered for this please. I run a one-woman business offering Indian cooking experiences to people in their homes and am based in North East Lincolnshire. My travel radius is up to 50 miles, and I charge a minimum travel charge for venues beyond 10 miles from my address. Over the past 7 years of running this business, I have had to up my prices once, and am now faced with either increasing prices further, or changing my offering so that my clients don’t get as much for their money as they have so far. We are a household of 7 (in-laws, my husband and myself, and our three children). With utility bills set to increase, food and fuel prices on the rise, in addition to the usual expenses that we already face as a family (school extras, clothing, every day food and travel, childcare, and so on) we are starting to really consider how it’s going to work. It really is a worrying time. Thank you.
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I'd love to be involved: as a single parent family (my 6 year old daughter & I) with no family / friends / support, as a small new business owner, as someone struggling in general due to fleeing an abusive relationship and being forced to stay in London despite not being able to afford it. We were already feeling the pinch from the personal (cost of transport, food, energy) and business (significantly increased cost of production that I'm reluctant to pass onto my customers) and I'm bracing myself for it to get worse. I've also noticed an obvious shift in my customers - they are considerably harsher in correspondence, which I put down to a general worry about the future, especially after what everyone has experienced over the last two years. Despite hard work and saving my whole life, it feels like it's been for nothing. With the current situation I find myself constantly juggling costs in my mind. Wanting to give my daughter the things she needs (stop growing! :) but also needing to be careful about how we spend.
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I’d be interested in this. I’m a single, self employed parent with 2 kids, two dogs and two cats at home. I have a small crochet business. The cost of yarn has gone up tremendously, petrol is ridiculous. I travel a lot on weekends to do craft fairs around the country. I dread to think about how much my gas and electricity will go up. I’m in all day as I work from home. I noticed that milk in my local shop has gone from £1 to £1.20. That’s 20% more. If everything goes up by that much we’re all doomed. At the moment I’m trapped, renting a house, the landlord put my rent up by £50 a month. I’m paying way more renting than I would if I had a mortgage but no bank will lend me the money despite me paying my rent without issue for the last 12 years. The system is broken!!! My daughter has just finished university and is living at home and my youngest son is 12.
100% we'd be up for this. We started our business during the pandemic, leaving comfortable jobs to now battling with the rising cost of living both at home and in the business. It would be mild to say that our finances have changed vastly during the past 2 years having gone from being pretty care free with day to day living to now considering selling our home to support the business through the next unpredictable few months.
I'd absolutely love to and you know me - I won't be boring!
I'm up for this! We live in a newly blended household (over lockdown) with my two teens and my partner's 9yo with us fortnightly for weekends. The strain of running my own web design business from home, getting all the kids to all the places they need to be (usually in different counties) and paying for the amount of food they eat is no mean feat! Oh, and did I mention a teenager who continually sends me houses on Right Move because we could do better than where we live...
Happy to be a part of this! 2022 is shaping up to be the most ridiculous year for spending for me as an individual but also as a business owner. I'll be plowing profits back into the business, and investing in new opportunities to get the name out there. We've also just bought our first house and are renovating it. It's a TOTAL money pit right now. We're also getting married in July and somehow need to find the money to pay final balances for that."
"Running a small bootstrapped business is hard work but having to move to your in-laws during the pandemic to support the family and go through it together is even harder. I feel we sacrificed everything to be able to keep Lotuly running even as an online business. We went from having our own space to working and sleeping in a spare bedroom. It's tough. Of course, it doesn't help to have higher bills due to the economic situation right now and even though we save money due to not commuting and working online, it has a huge impact on our mental health to be in the same place every single day. Thank goodness for our walks in Black Park otherwise we would not be able to keep things running. In terms of the housing situation, we tried our best to get a mortgage but as I am a small business sole trader who recently moved to a limited company there are also plenty of downsides, such as lenders not accepting our accounts or estate agents rejecting to see properties remotely (even though they had the option) when they were too far from were we live to travel: 4-5 h by car to be able to afford a small house with garden. It's hard out there and becoming super intense because you keep stumbling with small issues like that, which can be detrimental to your business. But we move on, learn from it and are determined to make our come back even stronger. Our business essentially helps companies go global through our translation and localisation solutions. We first and foremost fight for better payments for our translators by paying them upfront and ditching the 60-90 days payment terms and planting one tree for every 500 words we translate."
Hi, I would be interested in taking part in this series, I am a business owner who is nervous about my team being able to afford the increases in the cost of living, whilst not being in a position to offer them significant pay rises. In addition, I have 3 children and I'm trying to earn a living, whilst my clients are looking for cost reductions. Jade
I run a small digital strategy agency (micro agency as less than five team members) and I'd love to take part in this. Based in St albans, UK. I'm married, have a five year old child and a dog.
I own a small mortgage advice practice in South Wales, would love to be involved. We started the business in March 2021. From a personal perspective my wife and I are home workers, and I visit clients at their homes, offices etc. We have a couple of dogs and we're expecting our first child in July.
We’d like to be involved. As a powerboat company we rely heavily on the cost of fuel. In particular petrol which is always a hot topic. We’ve already felt the pinch at the pump this year and it’s likely to get a lot worse. We also provide lunches for our customers and we’ve seen another increase there. Finally we rent a property and for now the rent is locked in but increases in taxes such as rates and corporation tax will surely hurt us.
I'm happy to share how a family business is coping with the extra costs. 3 of my family are involved Luke with a newborn baby. Dominic with 2 daughters and a wife running a nail bar from her converted garage and myself retired
We’re a small business of 16 based in Nottingham that helps organisations bring electronics and software ideas to life. With the world experiencing some real environmental and human challenges, we founded our business on the principle that we’ll only work on electronics projects that don’t harm people, animals, or the environment (we’ve actually turned down three projects in the past year on these grounds). We’d be thrilled to give a Midlands perspective on the cost-of-living crisis, and as a four-year-old business, how we’ve dealt with the challenging operating environment over the past couple of years.
"I would love to be considered please. I am single mother of two young children, suffering of clinical depression, and running artisan pasta making classes. During the pandemic lockdowns, my business was completely destroyed I am now slowly rebuilding it back. However, the costs of materials -both tools and ingredients- have shoot up a lot. Good quality flour is almost a third more expensive, and pasta making tools, which I used to buy from Italy, have become impossible to buy thanks to red tapes and shipping costs, which are now higher than the product itself. This means I cannot buy the tools that I need for my classes. During the lockdown I was forced to apply for universal credit, and I was allocated £1632 per month. My rent alone is £1495. It means I have quite a few debts, and since my business is still recovering from nearly 2 years of inactivity, I am struggling to feed me and my children. The energy cost of keeping the heater on is crazy, and often we just layer up with clothes to avoid turning the heater on. For the day to day shopping, everything is more expensive. The pasta I used to buy went from £1 to £1.55, fresh vegetables have also increased of about 20%. A week grocery shopping would cost me £40, now it's closer to £60, and I'm not buying fancy stuff. I'm angry and desperate, I want my business to flourish, but with the cost involved in buying tools and ingredients, I cannot expect a quick recovery.