SMALL BUSINESS DEVELOPMENT CENTER AT UNM
SHOULD YOU START A SMALL BUSINESS? As last year’s recession fades into the background, focus is shifting toward what the rest of the recovery and transitions will look like ahead. Things are going to continue to change all the time. As with everything else, change is an inevitable cycle. As uncertainty remains we are all concerned about how quickly America’s workforce can rebound after the jobs lost from the pandemic. A surge in consumer spending is leading to higher prices and raising questions about how the Federal Reserve will adjust monetary policy in response. There are also key differences in the recovery across geographic areas of the U.S. that represent both risks and opportunities for small busi-
36 October 2021
nesses. Small business outlook is focused on building back better with small business recovery underway but challenges still remain. Innovative ideas are being introduced with new technology to enhance productivity like QR codes to pull up the menu and to pay your bill to alleviate the burden on staff. Learning is a skillset that should be constantly tapped into, that is how most successful entrepreneurs create that agility. There is also the core skill of being highly aware your adaptability and grit. Here is one piece of solid advice if starting a business is something you have always wanted to do, just do it. It’s
