Cashing In on Small-Business Optimism

Intuit Small Business Blog, by Brenda Barron on March 13, 2014

For the first time in five years, small-business owners are feeling more  optimistic about their prospects, according to the recently released Wells Fargo/Gallup Small Business Index. Specifically, the  index rose 21 points for the first quarter of 2014 to +45, which is the highest  it’s been since the third quarter of 2008. The results are based on a January  survey of 603 U.S. small-business owners.

Much of the increase  in optimism has to do with the general improvement of the economy as a  whole. The complete survey  results [PDF] show that specific triggers of the shift include better access  to credit, anticipated increases in  revenue and staffing, and improved cash flow.

Of course, small-business owners continue to face some very real challenges:  According to the Index, 21 percent of those surveyed say generating new business  is currently their biggest hurdle. Other obstacles include government  regulations, hiring,  and health  care.

Make Hay While the Sun Shines

If you’re feeling optimistic about the future, why not seize the opportunity  to invest  in your business? Here are four ways to do just that. <READ MORE>

 

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