The economy has undergone many drastic changes over the years. If you’re a millennial, change and chaos have been commonplace.

The Great Recession hit in the late aughts, reducing wealth. About ten years later, the pandemic occurred, causing many to stay at home and others to risk their health at work. Inflation deepened during President Joe Biden’s time in office. President Trump enacted tariffs. And now, the U.S. and Israel are at war with Iran. 

It’s hard to gauge all the consequences of this latest shock, but it’s a continuation of one thing: uncertainty. 

Rising gas prices and supply chain disruptions are now among the challenges small businesses must navigate. It might be why over half of small businesses owners in Michigan say they’re making operational changes to prepare for a recession, according to a recent survey. 

Which small businesses are hit hardest by the war in Iran and its disruptions? And, what could make them more resilient in the face of chaos?

Mark Lee is the president and CEO of The Lee Group, where he consults with small businesses across Southeast Michigan. He spoke with The Metro‘s Robyn Vincent.

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How is the Trump administration doing overall at managing the economy? 

There are bright spots: inflation is down, unemployment is low, and the stock market is strong. But there are also concerns: Prices are still high in many areas, there’s been a hiring freeze across a number of industries, and most of the investments energy is are concentrated in artificial intelligence — not spread across a diverse range of sectors. 

The U.S. Chamber of Commerce is traditionally pro-free market, pro-business, and conservative leaning — and that’s also true for their partner organizations around the country.

Faye Nemer is the CEO of the Middle East North Africa American Chamber of Commerce, which operates out of Dearborn. She told producer Sam Corey that she generally likes how the Trump administration is managing the economy. She thinks the tariffs are strategic. And while Nemer realizes small businesses are hurting, she thinks that’s likely to change as national policies will trickle down to everyone else.

Listen to The Metro weekdays from 10 a.m. to noon ET on 101.9 FM and streaming on demand.

Subscribe to The Metro on Apple Podcasts, Spotify, NPR.org or wherever you get your podcasts.

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Small businesses are often described as the backbone of the economy. But in moments of stress, they can also be an early warning system.

In metro Detroit, inflation has slowed — consumer prices in the Detroit area rose about two percent over the past year, but that has not translated into relief for many households or business owners. Spending remains cautious, and many small business owners say they are no longer planning for growth. Instead, they are focused on endurance.

One pressure point keeps coming up in conversations with owners: health care. Small-business health insurance plans in Michigan are set to rise again in 2026, while tens of thousands fewer Michiganders are enrolling in individual marketplace coverage this year as premiums increase and federal assistance shrinks.

The result is a heavy load for small businesses. They are helping families stay afloat, providing places for connection and routine in neighborhoods, and absorbing rising costs that often land directly on owners.

In this conversation, The Metro’s Robyn Vincent examines how small businesses have become survival engines, community anchors, and stress points all at once — and what that means for workers, customers, and neighborhoods across metro Detroit.

Our guest is Mark Lee, president of the LEE Group, a consulting firm that works with small businesses on strategy, marketing, and growth. Lee also teaches business at Michigan universities and regularly speaks with owners across southeast Michigan about the challenges they’re facing.

Listen to The Metro weekdays from 10 a.m. to noon ET on 101.9 FM and streaming on demand.

Subscribe to The Metro on Apple Podcasts, Spotify, NPR.org or wherever you get your podcasts.

More stories from The Metro