(Inc) — One in five small businesses are reporting that profits are plummeting by more than 25 percent compared to last year, says a new survey. Two thirds of small and medium-size businesses said the slump had affected business, with 37 percent saying business was “much worse” or “a little worse,” says the latest Office Depot Small Business Index, a monthlysurvey of 1,000 small and medium-size businesses. Over 40 percent experienced drops in profit, with 20 percent losing 10 percent or more and 21 percent seeing drops of more than a quarter.
