The vast majority 73% of small businesses are optimistic about the economy this year. Some are planning on expanding or opening new product lines. Rising cost and lower operating budgets were part of the problem. Approximately, 57% of respondents to the survey indicated that the economy is worse this year.
Overall there is more reason to be optimistic than not. New tariffs can be good or bad so we will have to see how that turns out. What we can say is it's going to change the business environment and for some more helpful and for some not so much.
Manufacturers might see some positive changes while import oriented businesses might feel the opposite. There are some other risks and potential rewards as tariffs rise and adjust supply chains. Hold on and let us see where the roller coaster comes to rest. Strap in! I don't think anyone knows for sure what is going to happen. If anything it's going to shake things up.
73% of small business owners optimistic about 2025 economy
A blog that explores life and national development “The price of freedom is eternal vigilance.”—Thomas Jefferson
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