Three Things to Watch For Small and Middle Market Businesses in 2020

1
Three Things to Watch For Small and Middle Market
Businesses in 2020
2020 is approaching faster than we want. With
trade disputes in a full swing and upcoming
election next year promises to be interesting for
U.S. businesses. I am not talking here about
Fortune 500 companies. The big boys will adjust
and will weather any headwinds. Companies that
employ from one to 500 people might have bigger
challenges to face
2
Trade tariffs. This goes both ways . There will
be some winners and some losers. There are tens
of thousands of small U.S. based manufacturers
with sales less than 20 million that surprise
surprise manufacture their goods in China.
3
Labor shortage. One of the biggest headaches of
strong economy is labor shortage. This affects
all the industries from manufacturing, logistics
down to banking, finance and technology sectors.
If we hit growth slow down or recession in 2020
labor market should improve. I talked to the
owner of construction company and he said hes
been passing on new projects because if he bids
and wins he wouldnt have enough employees to
work on it. 
4
Interest rates. If I was writing this post six
months ago Id be talking how rising interest
rates will have negative impact on further
economic growth. Today expectations are that
before year end Fed might have one or two more
rate cuts of 0.25 0.75. Lower rates are a
good thing for smaller and middle market size
businesses. Access to cheap capital spurs growth
for those companies.
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