Small and mid-sized business (SMB) CEOs are showing an unexpected level of confidence as 2025 approaches, with many expecting growth despite a whirlwind of workplace changes. According to a January 16 analysis from Vistage, a leading CEO coaching and peer advisory organization, nearly 2 in 3 SMB CEOs are predicting their workforce will expand in the coming year.
This optimism is a sharp contrast to many economic forecasts, but it’s not without reason. The survey reveals that a substantial portion of these CEOs are feeling buoyed by the potential for pro-business policies under the incoming administration.
Economic Optimism and Policy Influence
“Economic conditions are largely shaped by administration policies, trade regulations, inflation, and consumer confidence,” said Joe Galvin, Vistage’s chief research officer. “Many CEOs believe the new administration will usher in reduced regulations, lower inflation, and decreased borrowing costs, which will fuel growth and investment.”
Over half of the CEOs surveyed indicated they expect improvements in the economy over the next year. The incoming administration’s view on business growth is the key factor in boosting CEO confidence.
Hiring and Regulation
A closer look reveals that many SMB leaders are optimistic about hiring. Two-thirds of CEOs said they plan to increase their workforce in 2025, while a very 5% anticipate layoffs. At the same time, more than half of the respondents expect changes in regulatory compliance and new labor laws to impact their organizations.
However, not all changes are seen as beneficial. Close to a third of CEOs are concerned about the potential negative effects of immigration policy reforms.
As the SMB era braces for further policy shifts, it’s clear that business leaders are adapting to change and are confident about what lies ahead. With hiring and expansion plans in place, the next few years look promising for small and mid-sized businesses.
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