Times have been tough for software vendors catering to small and medium-sized businesses, or SMBs.
A tricky economic climate, with elevated inflation and high interest rates weighing on consumers, have made potential investors in the sector increasingly skeptical.
Reading the Economic Tea Leaves
These warnings also align with other indicators, including a recent decline in retail sales, and worsening consumer sentiment, which could lead to a ripple effect across various sectors.
Why SMBs Matter
The U.S. economy isn’t just made of blue chip corporations. SMBs employ nearly half of the U.S. workforce, and contribute 43.5% of GDP, according to the U.S. Chamber of Commerce . The health of the sector is key to our economy, community, and comfort.
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