Although close to half of today's small businesses have had layoffs or plan to do so soon, 92% also plan to hire new talent, according to Counterpart's 2023 Small Business Insights Report. (Credit: Parradee/Adobe Stock)
Small businesses continue to struggle to manage high inflation, supply chain headaches and labor challenges, but most feel optimistic about the future, according to the 2023 Small Business Insights Report prepared by the insurtech Counterpart.
"The resilience and agility of small businesses continues to be tested by an increasingly volatile operating environment," Counterpart CEO Tanner Hackett says in the report's introduction. "They have had to make some difficult decisions that impacted their operations and employees over the last few years, but maintain a positive outlook."
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Elana Ashanti Jefferson
Elana Ashanti Jefferson is ALM PropertyCasualty360's Editor in Chief. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
