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New location means smarter budgeting for Michigan retailer

Mar 10, 2023
Annie Lang-Hartman, owner of Wild Lettie, just signed the lease on a new location, hoping to expand her product offerings.
As Wild Lettie expands to three stores, there is a lot of work to do to set up shop.
Courtesy Annie Lang Hartman

In China's most locked-down city, business can resume but recovery is a long way off

Feb 21, 2023
The Chinese city of Ruili, on the border with Myanmar, has had more lockdowns than almost any other place in China.
A jade seller and two women stare at their cellphones in Ruili. Vendors are trickling back to the Jiegao jade market, but customers are few and far between.
Charles Zhang/Marketplace

Online advertising has been getting more expensive. That's pinching small businesses.

Feb 17, 2023
Some small firms can't afford not to advertise.
Owners of online businesses, like Kate Matsudaira of Ink+Volt, rely on digital advertising to spread awareness of their offerings. She recently hired a full-time social media manager.
Justin Sullivan/Getty Images

Why layoffs are picking up at small businesses

Jan 4, 2023
The labor market is still pretty tight, but the smallest businesses are more vulnerable to an economic downturn.
Businesses with fewer than 10 employees tend to have a harder time building up cash to weather a recession, and may turn to layoffs as a cost-cutting measure.
fizkes/Getty Images

The economics of holiday markets, explained  

Dec 22, 2022
Here's how holiday markets help small businesses and artisans earn up to 50% their annual sales in the last six weeks of the year.
The Downtown Holiday Market in Washington, D.C. hosts 80 artisans and small business vendors and attracts thousands of visitors in November and December.
Courtesy Downtown Holiday Market

“Newsflash: Not all horses have perfect hair” 

Nov 24, 2022
After designing an “Afrocentric” hairpiece for her horse, Chanel Rhodes set about making colorful horse wigs for sale.
As a little girl, Chanel Rhodes never saw people like her riding horses. Now she’s an equestrian entrepreneur.
Courtesy Chanel Rhodes/Andrew Garces

Small businesses are worried about inflation and hiring, in that order

Nov 8, 2022
Businesses with 500 employees or fewer — often far fewer — account for about 40% of private payroll in this country. A couple of recent surveys show they’re cautious about the future.
Hiring has recently fallen at small businesses across the country.
Kamil Krzaczynski/AFP via Getty Images

For public good, not for profit.

An economic "hope story" in Buffalo, New York

Over the past few years, pay for low-wage workers in the city has risen more than 40%, according to one analysis.
In Buffalo, there is "the sense that low-wage workers are doing better than inflation," says Nela Richardson of ADP, walking down Elmwood Avenue with "Marketplace" host Kai Ryssdal.
Brandon Watson

In a show of optimism, small businesses have been doing a lot of capital spending

Oct 11, 2022
Sometimes the spending is to stay afloat in a competitive market. And sometimes it's to take advantage of new opportunities.
Recent data show that wages aren't growing at a fast enough rate to keep up with inflation, which impacts low-income workers the hardest.
Ed Jones/AFP via Getty Images

The pandemic forced small businesses to evolve. PPP loans helped many of them do it.

Aug 30, 2022
More than two years after the program kicked off, Marketplace checked in with a few PPP recipients to see how business has been going.
Though PPP program helped many small businesses stay afloat and pivot during the pandemic, some business owners are still anxious about the future.
Ivan Martynov/Getty Images