Small Business Owners Perk Up

The majority of America’s small business owners say they expect their businesses to grow in the next year, according to the results of a new survey.

CAN Capital said that 61% of the small business owners surveyed for its Small Business Health Index professed clear optimism that business will improve over the next 12 months.

Almost a third (31%) of the business owners surveyed said that plan to expand and/or try new forms of advertising/marketing activities, while 26% plan to purchase equipment and/or make inventory investments over the next year. 

Could this optimism fuel an increase in hiring as well? If the strong June jobs report from BLS is any indication, it already is.

We’ll have to see the upcoming reports for July and August to establish a true acceleration of growth in hiring, but so far there is reason for everyone to be a bit more cheery these days.

 

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