In 2025, the challenges of running a small business remain notable, especially as the Trump administration has introduced significant changes. However, memberships in professional organizations like the Small Business Administration (SBA) are proving resilient, offering guidance for business owners navigating these uncertainties.
One of the key issues is the impact of the tariffs rolled out halfway through the year. Despite seemingly tempered costs during the first quarter, the 51% combined tariffs have raised concerns for manufacturers and small businesses alike. This policy has affected both your apparel and manufacturing industries, particularly as small retailers and private-label projects struggle with increased consumer demand.
Meanwhile, the fast-paced pace of small business growth is reshaping the market. While some businesses are entering new phases, others are finding opportunities to expand and capitalize. The success of a business often hinges on its ability to adapt quickly and make an impact. For example, Scalepath, a member-only community, serves as a roadmap to success, urging small business owners to embrace collaboration and inclusivity.
The SBA has introduced several regulatory changes aimed at addressing the growing stream of inquiries. These updates include adjustments to small loans, seller involvement post-sale, and restrictions on certain high-interest loans. While these measures aim to reduce defaults, the dynamic nature of business transactions will continue to shape the trajectory of this year’s economy.
