Exploring the growing trend of small businesses opening up in various industries with the ease of setting up in the digital age, but also considering the challenges and costs involved such as higher interest rates and labor costs. A mention of advertisements from Amazon Business and JP Morgan wealth management.
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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