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Forbes Small Business Small Business Strategy Four Things Small Businesses Fear This Halloween Rohit Arora Senior Contributor Opinions expressed by Forbes Contributors are their own. I write about small business lending and growth. Following Click to save this article. You'll be asked to sign into your Forbes account. Oct 31, 2023, 03:02pm EDT | Press play to listen to this article! Got it! Share to Facebook Share to Twitter Share to Linkedin Halloween getty Despite an economy that is growing, small business owners still have things to be afraid of this Halloween. Factors of concern can be located both near (local economic issues) and far (international instability and its impact on the U.S. economy overall). Fears may vary by location, industry sector, and individual situations. Some of those fears are fairly common: Infation is a concern among small business owners. getty Inflation : The Commerce Department last week reported that the economy grew at a 4.9% annual rate in the third quarter of 2023, the fastest growth since the fourth quarter of 2021. The Wall Street Journal reported that last time it grew this quickly in the pre-pandemic period was the third quarter of 2014. However, at the same time, consumer-price data released Friday showed that consumer prices were up 3.4% overall in September vs. a year ago. Indeed, inflation still persists because of demand, labor costs, and other inputs. WASHINGTON, DC —: Federal Reserve Chairman Jerome Powell speaks at a news conference following a ...
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