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Small business owners are pessimistic
The latest Small Business Trends Report from the National Federation of Independent Business shows that optimism among small business owners is now at recession-level readings. Small business owners’ expectations for real sales gains and improvements in business are as bad as in 1980-82, the worst recession period in recent years. The findings are contained in NFIB’s Index of Small Business Optimism.
A new Small Business Poll shows that 20 percent of small employers have reduced, postponed, or cancelled a planned investment or reinvestment in the last six months; the slowing economy is the primary reason in more than half these cases.
Forty four percent of small business owners say they are spending more time at their businesses than they did six months ago and are becoming “more attentive” to their cash flow and inventory status.
Small business owners are pessimistic
July 22, 2008
The latest Small Business Trends Report from the National Federation of Independent Business shows that optimism among small business owners is now at recession-level readings. Small business owners’ expectations for real sales gains and improvements in business are as bad as in 1980-82, the worst recession period in recent years. The findings are contained in NFIB’s Index of Small Business Optimism.A new Small Business Poll shows that 20 percent of small employers have reduced, postponed, or cancelled a planned investment or reinvestment in the last six months; the slowing economy is the primary reason in more than half these cases.
Forty four percent of small business owners say they are spending more time at their businesses than they did six months ago and are becoming “more attentive” to their cash flow and inventory status.
Posted by Jack Keough on July 22, 2008 | Comments (0)
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