Small businesses have been making headlines lately with some fascinating developments. As of today, February 26, 2025, here are a few standout stories
Colette Kemp
Founder @ SureStep Businesses Advisors I Helping retiring business owners sell to next-generation buyers keeping their businesses locally owned. Accredited Small Business Consultant? I Accredited Business Intermediary
One trend catching attention is how small businesses are adapting to recent economic shifts. For instance, some owners are bracing for potential tariff increases under the new Trump administration.?
A small business owner named Beatrice Barba, for example, made waves by preemptively buying $200,000 worth of inventory to dodge higher import costs down the line. This kind of proactive move shows how nimble smaller firms can be, even if they’re more exposed to price hikes than big corporations.
In St. Petersburg, Florida, the Localtopia Festival just wrapped up its 12th year, shining a spotlight on resilience. Local shop owners, hit hard by Hurricanes Helene and Milton, reported slower business as snowbirds stayed away and routines lagged. The festival drew crowds to boost these businesses, proving community support can be a lifeline when times get tough.
Over in California, there’s buzz about a funding freeze from Trump’s policies rattling small business owners. Liz Perez, who runs a clean energy contracting firm, said the uncertainty halted some projects mid-construction, especially in her Native American community. With small businesses employing half the state’s workforce, the stakes are high, and owners are on edge waiting to see if promised federal support holds up.
Meanwhile, the new head of the Small Business Administration, Kelly Loeffler, went viral with a video tour of empty SBA offices, pushing for a return to in-person work. It’s sparked chatter about how government support for small businesses might shift under her watch—especially with her bold start.
And here’s a positive note: Xero’s latest data shows U.S. small businesses saw sales grow by 0.8% year-over-year in late 2024, the first uptick since 2022. Payment times also sped up by nearly a day, hinting at a slow but real recovery for some.
These stories highlight the grit, adaptability, and challenges small businesses are navigating right now, pretty compelling stuff!?
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10 小时前Every big shift in business starts with small players taking bold steps ???? Their adaptability keeps industries evolving Colette Kemp ?
Small businesses are truly stepping into the spotlight! It’s exciting to see how they’re evolving and making waves, from innovation to resilience. The future looks bright for them ?