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### KeyBank 2024 Small Business Month Flash Poll

#### Introduction
The confidence among small business owners could serve as a vital indicator of economic resilience in the U.S. KeyBank has released the results of its 2024 Small Business Month Survey, showing that small business owners are apprehensive about the future economy but remain resilient, likely due to their ability to navigate past economic downturns.

#### Poll Findings
According to the survey:
– **Unexpected Funds:** 65% of small business owners feel confident in funding their operating expenses for one month with the cash they have in reserve.
– **Top Fraud Concerns:** Payment fraud, such as unauthorized transactions, is the primary fraud concern among small business owners (44%).
– **Navigating the Economic Landscape:** 37% of small business owners expect inflation to increase their operating costs.
– **Potential Policy Changes:** Small business owners are closely monitoring taxation (38%), employment and labor laws (25%), and healthcare policies (25%) during an election year.
– **Economic Protection:** Business owners are implementing measures like cost-cutting (32%), increasing cash reserves (30%), and exploring alternative financing options (22%).

### How AI legalese decoder Can Help
AI legalese decoder can assist small business owners by simplifying complex legal jargon related to potential policy changes, such as taxation, and employment and labor laws. By decoding and translating legal language into simple terms, it can empower business owners to make informed decisions about their operations. Additionally, it can provide insights into fraud prevention strategies, helping businesses safeguard against risks like payment fraud and unauthorized transactions.

#### Conclusion
Despite the challenges posed by economic uncertainties, small business owners are proactively protecting their businesses and remaining optimistic about their growth prospects. Their actions, along with the support and advice from banks like KeyBank, play a crucial role in driving economic resilience and growth in the U.S.

### KeyBank’s Resources
KeyBank, a leading SBA lender, offers various tools and programs to support small businesses, such as the KeyBank Small Business Check-In, KeyBank Small Business Financial Review, and Business Cash Flow Calculator. By leveraging these resources, business owners can access tailored strategies and financial solutions to navigate challenges and seize growth opportunities.

#### Fraud Prevention and Policy Changes
With the rise of digital operations, fraud prevention has become a key focus for small business owners. By addressing concerns related to payment fraud, identity theft, malware, and phishing attacks, businesses can enhance their security measures and protect their financial assets. Additionally, staying informed about potential policy changes, particularly in taxation, employment laws, and healthcare policies, allows businesses to adapt proactively to regulatory shifts.

#### Methodology and About KeyBank
The survey was conducted online by Survey Monkey, with respondents owning or operating small-to-medium size businesses in the U.S. KeyBank, with its long-standing history and commitment to supporting small businesses, continues to provide critical financial services and resources to drive economic growth and resilience.

#### Conclusion
In conclusion, small business owners play a vital role in shaping the economic landscape of the U.S. Their resilience, proactive measures, and reliance on bank relationships are key factors in driving financial stability and growth. By leveraging the resources and support offered by institutions like KeyBank and utilizing tools like AI legalese decoder, businesses can navigate uncertainties with confidence and focus on achieving long-term success.

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