Approximately 66% of small business owners report that their companies are thriving despite facing economic headwinds. Robert Rodriguez, Head of Northeast Business Banking at JPMorgan Chase, joins Wealth! He shares his views on the small business situation.
Rodriguez characterizes small business owners as a “resilient bunch” and acknowledges their adaptability and perseverance. While inflationary pressures remain a concern, he highlighted some of the key challenges facing small businesses today, including labor shortages, supply chain disruptions, and the impact of the prolonged COVID-19 pandemic. listed. Despite these hurdles, Rodriguez said owners remain optimistic about the outlook heading into 2025.
The upcoming US election adds further uncertainty with potential policy changes that could significantly impact small businesses. But Rodriguez remains confident in the adaptability of these entrepreneurs, saying, “I think small business owners are resilient and willing to push through the challenges.”
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This post was written by Angel Smith
