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According to a new poll of 1,000 small business owners, over three-quarters of them believe their companies are equipped to handle upcoming economic instability. Increased interest rates and inflation are their top concerns for the remainder of 2023. Despite these concerns, 72% of small business owners are more optimistic about their company’s financial prospects now compared to the beginning of the year. They have utilized various financial resources to cope with economic changes, such as savings accounts, loans, and raising prices. Additionally, having an online presence has become more important, leading to increased advertising, digital presence, and online sales.

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