Contrary to expectations, many small business owners are feeling optimistic about prospects this year, despite economic uncertainty brought on by President Trump’s policies. According to PNC Bank and the National Federation of Independent Businesses, 78% of small business owners are confident in their prospects, with optimism reaching a 23-year high.
The reasons behind this optimism are multifaceted. Many believe that surveys taken before the administration’s major policy changes should be considered, as they may not accurately reflect current economic conditions. Trump’s plans to implement tariffs and cut federal spending were clear during his campaign, so it’s unlikely that small business owners didn’t understand their implications.
Small business owners tend to think ahead, making decisions and investments based on long-term benefits rather than short-term gains. They anticipate the impact of Trump’s policies on their businesses and are optimistic about the potential for cost-cutting and tax reform.
Moreover, many small business owners see themselves in Trump – a profit-driven, transactional leader who is not afraid to challenge bureaucracy and promote his own interests. With Trump now possessing political experience alongside his business acumen, he embodies a unique blend of skills that resonate with entrepreneurs and small business owners.
Despite the potential for disruption in the coming years, many small business owners remain optimistic about President Trump’s policies. While challenges lie ahead, their confidence is rooted in understanding the administration’s intentions and anticipating its effects on the economy.
Source: https://www.theguardian.com/business/2025/mar/16/small-business-owners-trump-era