Join our Waitlist for Expert Advice!

Small Businesses Are Preparing for an Uncertain Holiday Season Small business owners are preparing earlier than usual for the holidays to mitigate any obstacles regarding supply chain and shortages.

By Madeline Garfinkle

Opinions expressed by Entrepreneur contributors are their own.

Betsie Van der Meer | Getty Images

With inflation still at startling highs, small businesses are anticipating a decrease in sales this holiday season, which has promoted many to start their holiday orders now to avoid any lingering issues.

Mark Rhodes, CEO of the online marketplace, Faire, told AP News he's seen an increased number of merchants doing early orders to avoid supply chain delays and shortages. Still, while vendors do their best to prepare for the holiday season, the state of spending remains uncertain this year.

According to the data group Numerator, during Amazon's two-day Prime event on October 11-12, the average order was $13 less than it was last year, signaling more cautious spending.

Related: 6 Ways Brands Can Prepare For the Holiday Season Right Now

"The one thing we're certain of is it's not going to be predictable … We really don't know what to expect and our retailers feel the same way," Rhodes told the AP.

Vendors are also preparing for the transition from online to in-store shopping. While the pandemic caused a surge in e-commerce sales, several small business owners told the AP that they are prioritizing in-person shopping this year as online sales have slowed.

Mariana Leung-Weinstein, who sells booze-infused jam and marshmallows, told the AP that she's stocking up in retail stores early this year in the event of stagnant online traffic.

"I expect people will enjoy seeing and touching things in person this time around, which puts more of my focus in getting my products in physical stores in time for the holidays," she told the outlet.

While it's too early to determine sales data for this holiday season, one thing's for certain: small businesses are doing everything they can to stay afloat.

Related: Your Holiday Shipping Is About to Get a Lot More Expensive as USPS Jacks Up Prices

Madeline Garfinkle

News Writer

Madeline Garfinkle is a News Writer at Entrepreneur.com. She is a graduate from Syracuse University, and received an MFA from Columbia University. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

You Have One Month Left to Buy a House, According to Barbara Corcoran. Here's Why.

"If you are planning on waiting a year and seeing where interest rates go, you are out of your mind," Corcoran said.

Business News

These 3 Side Hustles Make the Most Money While Working Fewer Hours, According to a New Survey

The survey also found that having a side hustle doubled as a path to becoming more employable.

Business News

This New Restaurant Is Banking on One Dish — Because It's the Only Entrée on the Menu

The new hotspot is gaining buzz on social media for its innovative yet super simple concept.

Side Hustle

I Made $14,000 in 1 Week With a Spontaneous Halloween Costume Side Hustle — Here's How

Sabba Keynejad was in art school when he started to refine his entrepreneurial skills.

Leadership

4 Bold Leadership Moves Every Successful CEO Uses to Navigate Change

Ready to turn fear into fuel and lead with confidence? In this article, I share how leaving my corporate job without a plan led me to build a thriving business. Learn four bold strategies to embrace uncertainty and turn challenges into opportunities for growth today.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.