In 2023, small businesses will need to embrace technology to stay competitive and scale effectively. Some key tech trends for small businesses include applied AI and machine learning, edge computing and distributed infrastructure, hyperautomation and super apps, hybrid work engagement and retention, clean energy and sustainable tech, metaverse and virtual reality, zero-trust cybersecurity and architecture, datafication and analytics, cloud-based solutions, and embedded finance. By understanding and adopting these trends, small businesses can enhance productivity, streamline processes, improve customer experiences, and ensure long-term growth.

The U.S. Supreme Court recently ruled in favor of small business owners' rights to favor arbitration over costly litigation in their disputes. The decision, handed down in the case of Coinbase Inc. v. Abraham Bielski, affirms that arbitration can be a preferable alternative to litigation. The ruling serves to safeguard small business owners' rights to arbitration, while also protecting their right to appeal a district court's decision. This article was published by Small Business Trends on July 5, 2023. 

The National Federation of Independent Business (NFIB) has filed an amicus brief in the State of Nebraska et al. v. Martin Walsh, a case currently being heard at the U.S. Court of Appeals for the Ninth Circuit. The case is asking whether the Department of Labor's (DOL) decision to raise the minimum wage for federal contractors is in line with the power granted by Congress under the Federal Property and Administrative Services Act. Nebraska and 20 other states are arguing that the DOL's rule exceeds the authority granted by Congress. This move could potentially bear significant implications for small businesses nationwide.