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Legalshield's national study reveals that 85% of small businesses are worried about the pricing impact
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The internal data of the company presents itself on the increase in SME collections, billing disputes and bankruptcy requests at unprecedented levels since 2020
ADA, okla., May 05, 2025– (Business thread) – owners of small businesses across America are increasingly concerned about economic uncertainty and the impact of potential rates, according to a new national study published by Legal shield. The study, which questioned owners and managers of small businesses, reveals increasing anxiety about a potential recession and significant concern for trade policy changes.
Study key results:
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94% of small business owners and managers are concerned about a potential recession
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85% fear that prices can have an impact
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55% Anticipate direct legal implications for pricing policy changes
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64% expect disruption of the supply chain and partner
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47% think they could face labor adjustments, including a potential reduction
“Small businesses are the backbone of the American economy, but they are increasingly taken in the reticle of economic uncertainty and trade policies of change,” said Mike Fiffik, lawyer for Legalshield supplier at Fiffik Law Group, PC. “These companies often do not have the legal resources of large companies to navigate complex regulatory changes, leaving them particularly vulnerable during periods of economic volatility.”
The study also revealed that small businesses are particularly concerned:
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Renegotiations of the supply chain (58% concerned)
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Labor adjustment planning (44% concerned)
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Compliance with the evolution of commercial regulations (40% concerned)
“The owners of small businesses face a perfect storm of economic challenges,” said Fiffik. “We see that many are starting to develop response strategies, in particular the diversification of supply chains, renegency contracts and carefully evaluation of stock management practices.”
From concerns to action: the unique information of the small business of Legalshield
While the national study data captures small businesses, Legalshield has a unique window on the actions they take. As the leading provider of small businesses from small businesses, Legalshield manages around 50,000 calls per month of small businesses to its national network of supplier law firms. These service requests create a set of proprietary data which serves as a real -time barometer of the legal challenges of small businesses.
These internal service data show a significant increase in small businesses looking for legal assistance for financial problems, validating the concerns expressed in the study:
