This chapter explores the difficulties faced by a small business bakery owner in expanding the business, finding help, offering competitive salaries and benefits, and personal financial struggles, with brief mentions of small business booms and the rise of women and black business owners.
Even with a looming recession, high interest rates and a tight labor market, small businesses have been opening at record rates over the last few years, surpassing pre-pandemic levels. They’ve also been the primary driver of job creation in the US. Bloomberg reporter Enda Curran dug into why small businesses are having a moment—and the challenges owners are facing in this uncertain economy. Plus, meet the owners of a bakery and a microbrewery who discuss how they’ve been keeping their businesses afloat.
Read more: The Pandemic Small-Business Boom Is Fueling the US Economy
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