Small businesses today have more to worry than those in the past decades like fuel costs, cash flow, and interest rates. This is the main reason why small business owners are losing their confidence on the economy. It has been noted that their confidence levels have gone down to very low levels not seen since the global financial crisis.

The MYOB Business monitor report for March showed that only 19 percent, or less than one-fifth, among small business owners and managers have faith that the economy will improve in the next 12 months.