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Area small business sector poised for significant growth | Business

Mount Equity Group Tokyo Japan > News > Business > Area small business sector poised for significant growth | Business

Americans are applying to start new businesses at a record rate, according to the White House, up about 30% compared to before the pandemic. In addition, a recent Bank of America survey of more than 1,300 small business owners found that 66% believed their revenue will increase in 2023, while 77% of respondents believed their business could survive a major economic slowdown.

Demand in many sectors is high as we transition into 2023. Regardless of industry, the small business world is ever changing. Optimism is obtained through recognition of the ability to not only survive, but thrive.

During the pandemic, many small businesses capitalized on changing market needs by adjusting their operating model and distribution channels. In a post-pandemic economy, businesses are keenly aware of the importance of…

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