The Start-Up Dilemma: How Entrepreneurs Can Thrive in Today's Economic Climate

With economic uncertainty continuing to rise, the American entrepreneur may feel discouraged when it comes to starting, owning or running a small business. There are a multitude of factors that play into these feelings of doubt, such as the probability of a recession, the possibility of a presidential impeachment and the string of recently failed IPOs.

Further, the costs of tariffs and the changing trade policy are likely to affect the cost of materials and supply chain. The National Small Business Association recently reported that about 37% of small businesses surveyed stated the tariffs have raised their costs of doing business.

Despite these factors, small businesses and entrepreneurial efforts are extremely important to the economy -- they have always played also reported that small businesses account for 44% of U.S. economic activity and create two-thirds of new jobs.