PSPINC CEO Kenichi Uchikura's Blog

Supporting Small Businesses

These days, many small businesses—especially brick-and-mortar stores—are being forced to shut down or are bought out, often by larger corporations. This unfortunate trend is the result of several factors working against independent business owners.

 

In many areas, regulations have become so complex and costly that they place an overwhelming burden on small companies. Compliance often requires extra staff, consultants, or fees that large corporations can absorb but small businesses cannot. While fair wages are important, the minimum wage in some places has risen to a level that makes it extremely difficult for small businesses to hire young, inexperienced workers. These entry-level jobs once provided valuable real-world experience, but now many small employers can’t afford to give those opportunities.

 

On top of that, commercial rent prices have reached record highs, especially in prime locations, making it difficult for small businesses to stay open. Interest rates for borrowing remain high, putting even more pressure on business owners. Without affordable access to capital, they can’t invest in growth—or sometimes even keep the doors open.

 

Small businesses are the backbone of our communities. They provide jobs, personalized service, and unique character that large corporations simply can’t replicate. If we want to preserve them, we need policies that create an environment where they can survive—and thrive—rather than forcing them to compete on an uneven playing field.

 

https://en.bloguru.com/ken/536969/todays-wallpaper-supporting-small