Want job security? Look at small businesses
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Want job security? Look at small businesses

Jordyn Dahl Jordyn Dahl

Jordyn Dahl

Mobility Reporter at POLITICO Europe

发布日期: 2023年2月16日
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Welcome back to Big Trends in Small Biz, a newsletter bringing you the news, tips and trends to help you with your business. Click subscribe above to be notified of future editions.

The stock market is seeing a comeback as investors’ recession fears have eased. Small businesses haven’t gotten the memo.

In a new CNBC survey, 47% of business owners say the economy has entered a recession. The latest National Federation of Independent Business survey shows a similar trend.

“While inflation is starting to ease for small businesses, owners remain cynical about future business conditions,” NFIB Chief Economist Bill Dunkelberg said in a press release.

However, that pessimistic outlook isn’t leading to the same layoffs that have plagued their larger peers. Small businesses are holding on to their hard-won workers, with 90% reporting they are labor hoarding or doing everything possible to avoid layoffs.

In fact, many are still hiring, with over half of those surveyed by NFIB reporting open positions they are actively trying to fill and saying they continue to have difficulty finding talent.

How are you thinking about the economy? Are you still hiring or trying to keep your workers?

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Louis J. Finkle, Ph.D. CFP (Professor Emeritus)

Psychology, Entrepreneurship, Grantsmanship

1 年

Having devoted the past 20 years helping more than 150 new entrepreneurs start new businesses, I have often stressed that one's success in business has more to do with "how you methodically build both customers and employees", then how much cash flow you can pull out as you grow. In this case, delayed gratification yields greater success.

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Elizabeth Mack

Founder / CEO Freestyle Languages (HUB / MWBE Certified)

1 年

Spot on! Still hiring - and no cynicism here! Freestyle Languages has grown 4x its original size in these 3 years of pandemic (yes, I feel dizzy ;) We've not only never laid off anybody, we keep hiring to seize the opportunities presented to us by going 100% online. It's strange to have a silver lining in the pandemic...but we did / do and our teams and instructors rock the non-stop pivots (which is not to say it's easy for them / us) I'd urge everybody to grasp onto any positive and hold tight! (spreading the fear makes things so much worse on so many levels)

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Rick Cobb

Co-Founder of 2 Discern

1 年

For the last 4 decades, net job creation has come from small and mid-cap businesses. Mega-Corp’s hiring and layoffs make news because of the eye catching number. A tornado tragedy is a more compelling than a story about heart desease. #CQ #decisionmaking #companyculture #leadershipskills

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Imran M.

Empowering growth through innovative solutions

1 年

That is somewhat true that SMBs are still hiring probably doing the same thing that large enterprises did during and post pandemic, however the economies are slow. Investors are evaluating the market conditions.

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