Approximately 66% of small business owners report that their enterprises are thriving despite facing economic headwinds. Head of Business Banking for the Northeast Region at JPMorgan Chase Robert Rodriguez joins Wealth! to share his perspective on the small business landscape.

Rodriguez characterizes small business owners as "a resilient bunch," acknowledging their ability to adapt and persevere. While inflationary pressures remain a concern, he identifies several key challenges facing small businesses today: labor shortages, supply chain disruptions, and the lingering effects of the COVID-19 pandemic. Despite these obstacles, Rodriguez notes that owners maintain an optimistic outlook for their prospects heading into 2025.

The upcoming US election adds another layer of uncertainty, with potential policy changes that could significantly impact small businesses. However, Rodriguez remains confident in the adaptability of these entrepreneurs, stating, "I think small business owners, back to their resiliency, they're willing to navigate the waters."

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This post was written by Angel Smith