Colorado’s top small business predictions for 2025 Published January 24, 2025

WESTMINSTER, January 24th, 2025 (Alayna Alvarez, Axios Denver)

If there’s one word that’s top of mind for Colorado’s business community, it’s uncertainty.

The big picture: Local business owners are paying close attention to economic trends as the nation ushers in a new president whose policies remain uncertain.

Why it matters: Small businesses have the ability to adapt quickly to change — a strength that larger corporations sometimes lack — but are also more vulnerable to regulations impacting costs, labor and supply chains.

What they’re saying: “The one thing that small businesses need more than anything else is stability,” says Hansen Rada, CEO of Westminster-based Tax Guard, which helps lenders verify borrower information for 60% of Small Business Administration loans to mom-and-pop shops nationwide.

Zoom in: Here are five trends small business owners in Colorado and across the country should watch, according to industry experts: