{"id":28460,"date":"2025-10-30T22:26:29","date_gmt":"2025-10-30T22:26:29","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/28460\/"},"modified":"2025-10-30T22:26:29","modified_gmt":"2025-10-30T22:26:29","slug":"lubbock-entrepreneurs-show-resilience-in-tough-economic-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/28460\/","title":{"rendered":"Lubbock Entrepreneurs Show Resilience In Tough Economic Times"},"content":{"rendered":"<p>West Texas Resilience on Full Display<\/p>\n<p data-start=\"132\" data-end=\"517\">If there\u2019s one thing my hometown of <a href=\"https:\/\/awesome98.com\/tags\/around-texas\" target=\"_blank\" rel=\"nofollow noopener\">Lubbock, Texas<\/a> knows how to do, it\u2019s push through tough times. From dust storms to droughts to devastating tornadoes, the Hub City\u2019s small business owners have always found ways to keep their doors open and their customers coming back. And according to new national survey data, that spirit of optimism is alive and well \u2014 even with costs climbing and government uncertainty hanging over\u00a0their heads.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/10\/KSIIFM.png\" alt=\"93.1 KISS FM logo\"\/><\/p>\n<p data-start=\"519\" data-end=\"823\">Seventy-eight percent of small business owners across the country say they\u2019re optimistic about where their business is headed, and 74% plan to grow within the next year. That includes entrepreneurs right here in Lubbock \u2014 from food truck operators in parking lots around town to boutique shop owners in Cactus Alley, local breweries and beyond.<\/p>\n<p data-start=\"825\" data-end=\"1038\">The data, released just ahead of the <a href=\"https:\/\/nam12.safelinks.protection.outlook.com\/?url=http%3A%2F%2Fwww.gs.com%2F10ksb&amp;data=05%7C02%7CLandon.King%40townsquaremedia.com%7C00a3f715fcd5413f29e108de16fc9cc1%7Ca473edd8ba254f04a0a8e8ad25c19632%7C0%7C0%7C638973471473508980%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=eV8ct5%2FvFvUewxvf3MA8CO1SwDG8jtbOfJ9SJUyouo4%3D&amp;reserved=0\" target=\"_blank\" rel=\"nofollow noopener\">Goldman Sachs 10,000 Small Businesses Summit<\/a> in Washington, D.C., reflects what many local owners already know: you can\u2019t wait for perfect conditions to chase your goals.<\/p>\n<p>\u201cWe Just Keep Moving Forward\u201d<\/p>\n<p data-start=\"1076\" data-end=\"1259\">Amber Ferrell, founder of <a href=\"https:\/\/www.timelessvodka.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Timeless Spirits and Drinks<\/a>, said it best:<\/p>\n<p data-start=\"1076\" data-end=\"1259\">America\u2019s small business owners are the engine of the economy, and we\u2019re growing despite clear challenges.<\/p>\n<p data-start=\"1261\" data-end=\"1610\">That same mindset echoes all over West Texas. Even as inflationary pressures rise \u2014 with 72% of owners saying costs are cutting into profits \u2014 Lubbock\u2019s entrepreneurs continue to adapt. Many are finding creative ways to stretch budgets, whether it\u2019s sourcing locally, using co-op marketing, or embracing side hustles to fuel their main hustle.<\/p>\n<p>What\u2019s Worrying Local Business Owners<\/p>\n<p data-start=\"1656\" data-end=\"1985\">The government shutdown is top of mind for many in the small business community.<br data-start=\"1740\" data-end=\"1743\"\/> Seventy-two percent of respondents said Congress needs to find a bipartisan solution \u2014 and fast. Locally, that could impact everything from supply chain reliability to the spending habits of customers whose paychecks depend on their federal jobs.<\/p>\n<p>READ MORE:\u00a0<a href=\"https:\/\/awesome98.com\/?p=400318\" target=\"_blank\" rel=\"nofollow noopener\">Nearly Half Of Paychecks Gone Within 48 Hours In Lubbock<\/a><\/p>\n<p data-start=\"1987\" data-end=\"2010\">Other concerns include:<\/p>\n<p data-start=\"2013\" data-end=\"2070\">Lower customer demand due to economic instability (62%)<\/p>\n<p data-start=\"2073\" data-end=\"2160\">Delays in government-backed loans through the <a href=\"https:\/\/www.sba.gov\/\" target=\"_blank\" rel=\"nofollow noopener\">Small Business Administration<\/a> (18%)<\/p>\n<p data-start=\"2163\" data-end=\"2226\">Rising borrowing costs and uncertainty about policy direction<\/p>\n<p>Looking Ahead: Lubbock\u2019s Small Business Future<\/p>\n<p data-start=\"2281\" data-end=\"2451\">Forty-six percent of small business owners expect the recent Federal Reserve rate cut to help boost business by lowering borrowing costs and sparking a surge in consumer spending.<\/p>\n<p data-start=\"2453\" data-end=\"2702\">Still, 81% believe small businesses don\u2019t have enough of a voice in Washington. That\u2019s one reason more than 2,000 owners \u2014 including some from right here in West Texas \u2014 are heading to the nation\u2019s capital later this month to make sure their concerns are heard.<\/p>\n<p>READ MORE:\u00a0<a href=\"https:\/\/awesome98.com\/?p=400271\" target=\"_blank\" rel=\"nofollow noopener\">Lubbock Drivers Think They\u2019re Great\u2014But Most Would Fail This Test<\/a><\/p>\n<p data-start=\"2704\" data-end=\"2851\" data-is-last-node=\"\" data-is-only-node=\"\">Because if there\u2019s one thing you can count on in Lubbock, it\u2019s that when times get tough \u2014 small business owners don\u2019t back down. They double down!<\/p>\n<p>What is your favorite &#8220;hidden gem&#8221; in Lubbock that most people don&#8217;t know about?<\/p>\n<p class=\"photogallery-credit\">Gallery Credit: Landon King<\/p>\n<p> If you could bring back one restaurant or biz that closed in Lubbock, what would it be?<\/p>\n<p class=\"photogallery-credit\">Gallery Credit: Landon King<\/p>\n","protected":false},"excerpt":{"rendered":"West Texas Resilience on Full Display If there\u2019s one thing my hometown of Lubbock, Texas knows how to&hellip;\n","protected":false},"author":2,"featured_media":28461,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[168,170,169],"class_list":["post-28460","post","type-post","status-publish","format-standard","has-post-thumbnail","category-lubbock","tag-lubbock","tag-lubbock-headlines","tag-lubbock-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/28460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=28460"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/28460\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/28461"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=28460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=28460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=28460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}