Achieving sustained growth remains a challenge for businesses of all sizes. Headwinds remain strong due to rising inflation and supply chain disruptions caused by China's COVID lockdowns. And while the U.S. has been largely insulated from the economic impacts of Russia’s invasion of Ukraine, high gas and food prices persist in large part due to the war.
Still, small and mid-market businesses have reason to be cautiously optimistic. Consumer confidence remains buoyant, and demand for goods and services looks likely to continue. Meanwhile, revenue and employment growth for middle-market companies, in particular, remains historically high.
As we head into a new year, let’s look at five trends that small and mid-market businesses should plan for.
While a significant downturn is forecast for 2023, the labor market remains strong and consumer spend elevated — suggesting that any recession hitting the U.S. will be mild. But whatever transpires, businesses should prepare for what may lie ahead.
This starts with managing risk under your control and retaining a flexible cost structure and business model:
India accounts for about one-third of the world's child marriages, according to data from the UN's children agency UNICEF, but a video circulating online does not show a girl marrying a man in the ...