According to a recent Allstate/ USA Today survey, US small businesses
are bursting with confidence touting 64% saying their businesses are
doing well. This study, conducted with just shy of 3,000 small
businesses (firms with 100 or fewer employees), also indicates an
overwhelming sense of positive outlooks being anticipated for the year
ahead, showing small businesses to be more upbeat than they have been in
decades!
“While the business owners’ perceptions appear to have been brightened
by the election of President Trump, who has vowed to cut taxes and
regulations, they’re also rooted in improved sales and the fading of
economic headwinds that lingered long after the Great Recession ended in
2009.”
All of this is an extremely encouraging economic position
for businesses, allowing for more hiring and spending, making this
notably a great time to own a small business. The percentage of those
feeling more hopeful of the prospect of leaving their business to their
children had also risen since last year as well.
“These
enterprises aren’t just talking a good game; they’re opening their
wallets. Thirty-four percent of those polled said they added at least
one new employee in the previous three months, compared to 22% in late
2015.”
Lower taxes and fewer regulations are also helping with
this latest optimism, largely in part to the assertions of President
Trump and his administration. Even though there is also a lack of
predictability surrounding the administration, this survey shows that
small businesses continue to move forward while keeping them bright-eyed
and bushy tailed for what’s to come.
All in all, we’ve been
highly encouraged by studies like this showing a continually optimistic
vantage-point. We also can’t help but find these views to be somewhat
“contagious” in that many of our clients who leverage our strategies and
mindsets of the small business owner are prospering from it all too!
If
you want to hear more about the strategies the team at Tardus has
collected over the years and how they can benefit both individuals AND
small businesses, be sure to attend the
Small Business Expo in Honolulu on May 18th where Tanisha Souza, CEO and Chief Wealth Coach, will be speaking on the topic.
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