Nevada Small Businesses: Participate in 2025 Challenges Survey

Nevada Businesses Face Evolving Challenges,Survey Reveals Key Insights

RENO,NV – The Nevada Small Business Progress Center (SBDC) has launched its fourth annual Small Business Challenges Survey,aiming to provide critical data on the obstacles faced by businesses across the state. This initiative is crucial for tracking trends adn identifying persistent issues within Nevada’s economic landscape.

“Now in our fourth year, we’ll be able to track how these challenges trend over time and which obstacles remain persistent across Nevada’s business landscape,” stated the State Director of the nevada SBDC. This longitudinal data collection promises to offer a deeper understanding of the business surroundings and inform targeted support strategies.

The survey data directly supports statewide initiatives, notably the State Small Business Credit Initiative (SSBCI), a program designed to enhance small business access to capital. Karsten heise, senior director of Strategic Programs & Innovation at the Governor’s Office of Economic Development (GOED), emphasized the survey’s importance. “The Nevada Small Business Challenge Survey continues to be an invaluable tool in shaping the data-driven foundation of Nevada’s State Small Business Credit Initiative (SSBCI) Technical Assistance component.”

Heise further highlighted Nevada’s recent success in securing a $4.2 million Small Business Possibility (SBOP) grant in September 2024. This funding, awarded to only twelve states, will bolster the state’s SSBCI Technical Assistance services. GOED’s partnership with the Nevada SBDC, its sole sub-grantee for the SSBCI Technical Assistance program, was instrumental in this triumphant grant submission.

Evergreen Insight: Understanding the specific challenges faced by small businesses is essential to fostering a resilient and growing economy. Data-driven surveys like Nevada’s are essential tools for policymakers and support organizations to tailor their programs effectively. By identifying recurring hurdles such as access to capital, workforce development, regulatory burdens, or market access, strategic interventions can be implemented to address these pain points directly. The continuous monitoring of these challenges allows for agile responses to economic shifts and ensures that support remains relevant and impactful over the long term, ultimately contributing to a healthier business ecosystem.The 2025 Small Business Challenges Survey is currently open and available in both English and Spanish. Businesses are encouraged to participate to contribute to this vital statewide assessment.

[Link to English Survey]
[Link to spanish Survey]

How concerned are you about the potential impact of rising operating costs (e.g., rent, utilities, supplies) on your business’s profitability in the next 12 months?

Understanding the 2025 Nevada Small Business Landscape

Nevada’s small business sector is a vital engine for economic growth, particularly in cities like Las Vegas, Reno, and Henderson. However, these businesses consistently face unique hurdles. The 2025 Challenges Survey,a crucial initiative for understanding the current climate,aims to pinpoint these obstacles and inform future support programs. This survey isn’t just data collection; it’s a direct line for Nevada small business owners to influence policy and resource allocation. Key areas of focus include workforce advancement, access to capital, and navigating evolving regulations.

Why Your Participation Matters: Impact on Nevada’s Economy

Your voice is critical. The data gathered from this survey will directly impact initiatives designed to support Nevada small businesses. Here’s how:

Policy Advocacy: Survey results will be presented to state legislators and policymakers,advocating for changes that address the most pressing concerns of Nevada entrepreneurs.

Resource Allocation: Findings will guide the distribution of state and federal funding, ensuring resources are directed towards programs that deliver the greatest impact. This includes potential grants, loan programs, and training opportunities.

Improved Support Services: The survey will help identify gaps in existing support services, leading to the development of new programs tailored to the specific needs of Nevada’s business community.

Benchmarking & Insights: Participating businesses will receive aggregated, anonymized data, allowing them to benchmark their performance against peers and gain valuable insights into industry trends.

Key Challenges Facing Nevada Small Businesses in 2025

Several factors are shaping the current habitat for small businesses in Nevada.The 2025 Challenges Survey will delve deeper into these, but here’s a preview:

Labor Shortages: Finding and retaining qualified employees remains a meaningful challenge, particularly in the hospitality and construction sectors. This impacts operational capacity and growth potential.

Rising Costs: Inflation, supply chain disruptions, and increasing rent are squeezing profit margins for many Nevada businesses.

Access to Capital: Securing funding,especially for startups and businesses owned by underrepresented groups,continues to be a barrier to entry and expansion. Small business loans and option financing options are crucial.

Regulatory Compliance: Navigating complex state and federal regulations can be time-consuming and costly, particularly for businesses with limited resources.

Digital Transformation: Adapting to the rapidly evolving digital landscape, including e-commerce, cybersecurity, and data analytics, is essential for staying competitive.

Survey Sections: What to Expect

The 2025 Challenges Survey is designed to be comprehensive yet concise. Expect questions covering these key areas:

1. Business Profile: Basic data about your business, including industry, size, and location.
2. Financial Performance: Questions about revenue, expenses, profitability, and access to capital.
3. Workforce Challenges: Inquiries about hiring, retention, training, and labor costs.
4. Operational issues: Questions related to supply chain, inventory management, and technology adoption.
5. Regulatory Environment: Feedback on the impact of state and federal regulations on your business.
6. Future outlook: Your expectations for the coming year, including growth plans and potential challenges.

Who Should Participate?

The survey is open to all small business owners and managers operating in Nevada.This includes:

Sole proprietorships

Partnerships

Limited Liability Companies (LLCs)

Corporations

Non-profit organizations (with a business component)

Businesses of all sizes are encouraged to participate,but the focus is on those with fewer than 500 employees. The survey is particularly valuable for businesses in key sectors like tourism, hospitality, construction, healthcare, and retail.

How to Access and Complete the Survey

The 2025 Challenges Survey will be available online starting [Insert Date – e.g., august 15, 2025] at [Insert Survey Link – e.g., www.archydesurvey.com/nevada]. The estimated completion time is 15-20 minutes. All responses will be kept confidential and used for statistical purposes only.

Vital Dates:

Survey Launch: August 15, 2025

Survey Deadline: September 30, 2025

*Results Publication