Small Businesses Bounce Back from Challenges
Across the board, small businesses in the US have been performing remarkably well despite facing numerous challenges. According to recent data, small business owners are optimistic about the future, with many anticipating favorable economic conditions going into 2026.
The National Federation of Independent Businesses (NFIB) has published its monthly report on small business trends for over 50 years, using the same questionnaire since 1973. The latest numbers show a second consecutive monthly uptick in small business optimism, with owners expecting economic conditions to remain favorable. Key findings include moderation in cost pressures, easing employment challenges, and an increase in capital investments.
Fiserv's Small Business Index also reports a significant improvement in sales, with monthly growth exceeding the previous month. This resilience demonstrates the ability of small businesses to adapt to challenging economic conditions, such as rising inflation and tariffs.
Comerica Bank's Small Business Pulse Index found that 80% of respondents were "somewhat or very confident" about their business outlook for the next year, with an average projected revenue increase of 7.9%. Technology and construction firms led in optimism, while sole proprietors and retail businesses showed more caution.
Despite these positive trends, not all small businesses are thriving. Many industries, such as agriculture, face significant challenges due to tariffs and rising costs. Retailers struggle with slower sales and increased competition from big box stores, while truckers deal with increased regulations and service firms struggle to convince consumers to spend despite high prices.
However, the overall picture is one of resilience and optimism among US small businesses. As Comerica notes, most expect tariff impacts to persist or worsen in 2026. Nevertheless, many are focused on finding ways to overcome these challenges, such as managing talent acquisition and rising healthcare costs.
While running a business is undoubtedly difficult, the recent data suggests that US small businesses have fared well despite the odds. As the American entrepreneur might say, maybe it's time to focus on the glass half full.
Across the board, small businesses in the US have been performing remarkably well despite facing numerous challenges. According to recent data, small business owners are optimistic about the future, with many anticipating favorable economic conditions going into 2026.
The National Federation of Independent Businesses (NFIB) has published its monthly report on small business trends for over 50 years, using the same questionnaire since 1973. The latest numbers show a second consecutive monthly uptick in small business optimism, with owners expecting economic conditions to remain favorable. Key findings include moderation in cost pressures, easing employment challenges, and an increase in capital investments.
Fiserv's Small Business Index also reports a significant improvement in sales, with monthly growth exceeding the previous month. This resilience demonstrates the ability of small businesses to adapt to challenging economic conditions, such as rising inflation and tariffs.
Comerica Bank's Small Business Pulse Index found that 80% of respondents were "somewhat or very confident" about their business outlook for the next year, with an average projected revenue increase of 7.9%. Technology and construction firms led in optimism, while sole proprietors and retail businesses showed more caution.
Despite these positive trends, not all small businesses are thriving. Many industries, such as agriculture, face significant challenges due to tariffs and rising costs. Retailers struggle with slower sales and increased competition from big box stores, while truckers deal with increased regulations and service firms struggle to convince consumers to spend despite high prices.
However, the overall picture is one of resilience and optimism among US small businesses. As Comerica notes, most expect tariff impacts to persist or worsen in 2026. Nevertheless, many are focused on finding ways to overcome these challenges, such as managing talent acquisition and rising healthcare costs.
While running a business is undoubtedly difficult, the recent data suggests that US small businesses have fared well despite the odds. As the American entrepreneur might say, maybe it's time to focus on the glass half full.