Big Take Despite Recession Fears, Small Businesses Keep Opening. Can They Survive?
Oct 2, 2023
Despite recession fears, small businesses have been opening at record rates, driving job creation. The challenges and successes of small businesses in the uncertain economy are explored, including the impact of higher interest rates, labor costs, competition from larger companies like Amazon, and the labor shortage. The podcast also highlights the difficulties faced by a small bakery owner in expanding the business, finding help, and offering competitive salaries and benefits. Despite challenges, there is optimism that small businesses will continue to drive economic growth through innovation and community service.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Introduction
00:00 • 3min
Innovation and Risk-taking in the Economy
02:46 • 8min
Opening and Operating Small Businesses in the Digital Age
11:04 • 2min
Challenges and Strategies for Small Business Survival
13:20 • 6min
Challenges of Expansion and Finding Help in a Small Business Bakery
19:39 • 4min
Opportunities and Challenges for New Businesses
23:12 • 2min
Customers' Support for a Local Business During the Pandemic
24:56 • 2min