Small Businesses Have Positive Outlook for Future
Regardless of raising gas prices and interest rates, small business owners remain optimistic about the current and future state of their business, according to an article on Inc.com. A recent study done by Wells Fargo/Gallup Small Business Index revealed that 72 percent of small business owners surveyed feel their financial situation is very good or good, with at least 80 percent expecting to see even higher profits a year from now (only 6 percent predict a loss).
According to a Wells Fargo spokesperson, small business optimism is near cyclical highs and owners don't feel pressured by the rising gas costs, interest rates, and borrowing costs because credit remains readily available.
The majority of small business owners surveyed linked their optimism to stable revenues, cash flow, capital spending and hiring. Of those surveyed, 9 out of ten described themselves as successful business owners and 87 percent said they were satisfied with their careers.
To read more on this survey, click here.
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