Most Hungarian entrepreneurs fear a decrease in income

By: Trademagazin Date: 2023. 11. 15. 11:51

he majority of Hungarian entrepreneurs are most afraid of a decrease in income and consider it a big challenge to raise operating costs. A serious problem is high stress and a shift in the balance between work and private life, according to a joint representative online survey by Számlázz.hu and Opinio.

In recent research, Számlázz.hu sought answers to what is on the minds of entrepreneurs, what questions, challenges and problems concern them.

During the survey, they asked what the most significant fear of entrepreneurs is as the end of the year approaches. The majority of respondents (31%) are most afraid of a decrease in income. And almost a quarter of them (21%) indicated the increase in expenses as the number one problem, which was followed by the increase in bureaucratic/administrative burdens (14%), as well as the increasing competition (13%), the loss of the market (9%), the labor shortage (7%) and followed by a shrinking market (6%).

It is interesting that there is no significant difference between the sexes in terms of fears, however, the youngest, teenage entrepreneurs are much more afraid of the shrinking market (17%) than the older ones. Only 3% of those over 50 indicated this as their main source of fear. On the other hand, it is the young people who feel less threatened by the decrease in incomes and bureaucratic burdens.