#small-business-challenges

#small-business-challenges

The closure of Contento highlights struggles faced by restaurant owners, especially those with disabilities amidst inflation and healthcare system challenges.

Many beloved restaurants and bars in Greater Boston are closing, often due to challenges such as COVID-19, inflation, and small business hardships.

COVID-19 and its ripple effects ultimately led to the closure of Bartavelle after a dozen years, despite initial federal aid.

Small businesses are struggling despite stable GDP growth, but lower-than-expected inflation may lead to potential interest rate cuts.

Support for small firms must be central to upcoming strategies as they have substantial growth potential if conditions improve.

Inflation led to 35% of small businesses reducing staff due to increasing costs. OnDeck analyzed where small businesses pay employees most.

Small business owners need to leverage AI strategically to overcome budget constraints and enhance their tech stack as they prepare for future challenges.

Small craft cannabis businesses face hurdles such as complex regulations and intense competition from larger corporations.

Christmas retailing has transformed significantly, starting earlier each year, leading to consumer fatigue.

Small businesses struggle to compete with larger brands' aggressive marketing in the holiday season.

Copying big brands on Amazon can hinder growth as their strategies may not be suitable for smaller businesses.

Efficient cash flow management is crucial for startups facing competition and resource constraints.

Fintech solutions can simplify cash management by providing real-time tracking and forecasting capabilities.

Managing growth is a significant challenge for small businesses beyond the survival stage.

The impact of immigration policies on staffing is complex, often leading to unintended consequences for both businesses and the economy.

Residents in a Wisconsin county like Columbia reflect pivot voters, changing political allegiances based on personal and economic contexts.

The upcoming GST tax break has led to confusion and extra work for some small businesses, affecting their operations and personal lives.

Influencers' pricing can be extraordinarily high, surprising small business owners.

Influencer culture poses risks for small businesses through unregulated promotional demands, impacting their operations negatively.