The 12 people who will most impact your small business in 2024 ...Middle East

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There are 12 people whose decisions will impact the profits and growth for many small businesses next year. Keep a close eye on them. Jerome Powell — chairman of the Federal Reserve (Honorable Mention: Janet Yellen, Treasury secretary) As I write this, the national prime rate is now averaging about 8.5 percent, and many small-business owners like me are in the midst of re-financing loans that are coming due for working capital, property and equipment. But remember that prime is for the best customers. The interest rates our banks will charge are, for most small companies, a few points above prime, and that will have a significant impact not only on our ability to service any new

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Last updated : 27 Dec 2023 clock 03:57 PM

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The 12 people who will most impact your small business in 2024 ...Middle East

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