Ben Coryell, who runs Golden Mountain Guides in Colorado, is facing cancellations from customers due to economic concerns stemming from the Trump administration's tariffs and other policy changes. These uncertainties, combined with staffing cuts at the National Park Service affecting permits, have put his business at risk. Similarly, other entrepreneurs are experiencing the turmoil of funding freezes and immigration crackdowns, leading to a challenging environment for small businesses. Natalie Madeira Cofield highlights this unprecedented crisis for those with fewer than 10 employees, indicating widespread instability in the sector.
It's feeling like a tornado to small-business owners, said Natalie Madeira Cofield, chief executive of the Association for Enterprise Opportunity, which supports initiatives to help companies with fewer than 10 employees. This is an unprecedented moment.
It's really starting to feel like a lot of the operations we've depended on might have to be bumped for the next number of years until we can find a healthy status quo.
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