Small Business News

| Los Angeles Business Journal

Since opening a bilingual daycare in Mid-City six years ago, Paloma Corona has felt the rising cost of running a business in Los Angeles. Rent and insurance hikes pile on soaring grocery bills, workers’ compensation rates and taxes. In a typical year, Corona takes home less than a third of the $200,000 her two Little Sprouts Language Immersion Preschool centers earn.

| Tradeoffs

She had few good options to find the money for higher premiums: lay people off, cut wages or stop socking away rainy day reserves. So she made the tough call to drop health benefits for this year. With employers, consumers and policymakers across the country grappling with the rising cost of health care, we sat down this week with Bernier-Green to understand what this moment is like for her — as a small business owner, as a patient and as a mother.

| BBC

Walking through the aisles of his grocery store in Brooklyn, New York, Alap Vora points to a box of breakfast cereal. He says he paid roughly $5 (£3.75) to his distributor to get the pack of Honey Bunches of Oats onto the shelf. But his much larger rivals, the big US supermarket chains, can sell that same box for around $5 - essentially, the price he has to pay wholesale. That dynamic makes it "impossible for us to compete", says Vora, 40, who opened Concord Market, nestled on a busy Brooklyn intersection, in 2009.

| New Bedford Guide

“Tariffs continue to be a major concern for America’s small businesses: Small Business Majority’s research found that half of small business owners have increased the price of certain materials or products, 29% have delayed importing materials or goods and 22% have delayed business expansion plans as a result of tariff policies,” said John Arensmeyer, Founder and CEO of Small Business Majority.

| The Business Journals

Separate research by the Small Business Majority found that half of small-business owners have increased the price of certain materials or products due to changes in tariff policies.

| Write Up Cafe

Research shows just how common this shift is. According to the Small Business Majority, 66% of small business owners use online accounting software, yet 60% say they’ve encountered challenges or limitations with those tools.

| CNN

Kareem Miller began operating his Chicago-based trucking business, Strong Pact Trucking, about three years ago. Today, he has three trucks that he estimates collectively drive about 1,200 miles per day. His vehicles, like the overwhelming majority of large trucks, run on diesel fuel. “I’ve seen diesel prices fluctuate, but never spike that quick. It was bad,” Miller said. Miller estimates the recent jump in fuel prices has already added about $100 to his gas bill this week.

| Forbes

That said, approximately one-third of all small businesses lack a website, per a Small Business Majority report. Without a website, they’re essentially invisible to consumers who are seeking their services or products digitally.

| The New York Times

“The level of uncertainty is crazy,” said Matt Weyandt, a co-founder of Xocolatl Chocolate, a craft chocolate maker in Atlanta. Mr. Weyandt, whose company sources cacao beans from countries including Peru, Nicaragua and Tanzania, is trying to establish whether exemptions on foreign agricultural products previously enacted by the Trump administration still stood, to no avail, he said. He was intrigued by the prospect of seeking a tariff refund, he said, but had no idea how to go about it. “We just don’t have teams of lawyers to go out and sort through this stuff for us,” he said.

| Congresswoman Ayana Pressley

The legislation is also endorsed by Small Business Majority.

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