How SMB owners are navigating inflation – Tom Sullivan

Posted under: MSME
Date: 2023-09-25
How SMB owners are navigating inflation – Tom Sullivan

Small business owners in the U.S. are feeling better about their business health despite rising inflation, according to Q3 data from MetLife and the U.S. Chamber Small Business Index. The Index, generated through interviews with 750 small business owners, offers insights into their views on current business and economic trends. While inflation concerns are near record highs, owners are optimistic about cash flow, inventory, and operations. The industry has seen a startup surge since the pandemic started. Sullivan believes this is due to two reasons: The government’s stimulus checks enabled entrepreneurs to jump into the world of becoming their boss. Additionally, COIVD offered more obstacles quickly, unlike ever before. However, it did equip entrepreneurs with the ability to solve problems. Currently, the Index indicates the relationship between small businesses and their banks is getting tighter, which Sullivan explains is good.

Read more at: www.asbn.com