How's Your Biz Faring? Still Optimistic for 2023?
Please take just two minutes to tell us the latest on how your business is progressing given the current economic landscape -- high inflation, higher interest rates, getting access to capital given the banking problems, etc. Also, we want to check your optimism level looking at the rest of May and Q2 2023. We'll share your thoughts with the media & policymakers soon to make sure you're heard. Here's the survey:
Thanks again for your time. Please feel free to add more thoughts below in the comment section. And if you want to see results of past polls, go to Alignable's Research Center. We really appreciate your input!
Comments (1-10)
As a business owner for more than 44 years, I believe I am less optimistic about the future, than I have been in my 78 years. Our Open Borders, Mass shootings, Probably connect to Drugs, and Loss of hope by Many, God Help our Country. My business is doing well, Seven employees, Selling Guns for Older Folks, Many due to there financial concerns, why the buyers are buying for reasons concerning our countries destruction of the value of the dollar, and Open Borders, which can only lead to more Crime in the big cities. God Help Our Country.
We have politicians running the world that are living in an alternate universe. Insane
The foundation of a just society is freedom from lawlessness. America had been, up to maybe 20 or so years ago, a society where just punishment was evenly handed out by an honorable judiciary. Now, even the highest court judges and justices are selected because of race and political belief. I have been a lawyer for 45 years, and the declining objectivity of our judges that I observe shocks me.
I'm in constant conversation with business owners from all sorts of industries, and to be honest, there's a fair bit of worry. Inflation's creeping up, making everything from materials to services more expensive, and the economy isn't exactly in the rosiest spot.
That being said, it's not all cloudy skies. There's a surprising amount of optimism out there. Business owners are a resilient lot, and they're finding ways to adapt and innovate even in the face of these challenges. Some are working on diversifying their supply chains to navigate inflation, while others are investing in tech to improve efficiency and cut costs.
In my line of work as a business loan broker, I can tell you that it's been a pretty steady ride. Sure, the economic climate has made lenders a bit more cautious and there are more businesses seeking loans, which makes my job a bit more challenging. But there's always a way forward.
So, am I optimistic for the rest of 2023? Absolutely. Yeah, we've got some hurdles to jump, but history has shown that these tough times often lead to growth and innovation. Businesses that can adjust and think outside the box might find themselves in a stronger position when the dust settles. As always, my job is to help these businesses get the financial support they need, and that's exactly what I'm going to keep doing.
I am a firm believer that this is a time to reach out to family, friends, colleagues AND former clients/customers. They already know you. They have likely done some business with you. And they are the least expensive to reach. Let them know that you are still around; tell them about new services. This not the time to ask for new business. It is the time to renew and rebuild your customer base. Commit to touching base with meaningful contact 1X monthly.
I couldn’t be less optimistic. After being a business owner for 36+ years, I can safely say that business as I knew it is over. Never thought I’d see the day when my life’s work and everything I built would be classified as “non-essential” and I would be punished for it. Through all my travels these past three years IL is definitely the most restricted or at the very least top 3 most restrictive states.
The high interest rates are making it impossible for medium priced buyers to buy anything. At this rate no one is making any money. The sellers have fewer qualified buyers looking and even fewer able to buy.
Keeping our faith illuminated via GeorgiaCBD.Life. The hemp/cannabis industry is sensitive to interest rates, inflation, etc. like many others. We thoroughly believe in our online Premium CBD Shoppe and Premium Pop-up Shoppes and, most importantly, witnessing our client-patients’ Lives renewed. Thank you and Be well.
Happy to report that our service business is actually growing and we are on track for a record year. We help non-profits run more successful charity golf tournaments across New England.