Nobody cares about my small business — and that’s fantastic news
There’s been a lot of talk about a looming recession, and economists are trying to sort out several conflicting economic indicators. But there’s one indicator about which there’s no argument: small businesses are confident and optimistic.
Just look at the numbers. In the past few months alone, indexes and reports from The National Federation of Independent Business (NFIB), The U.S. Chamber of Commerce, Capital One Bank, Provident Bank, Wells Fargo, Wilmington Trust, First Citizens Bank, Kabbage and Scalefactor — which together encompass the responses of tens of thousands of small business owners — have all concluded that small business confidence and optimism is strong. So strong, in fact, that many of these levels are at their highest in history.
“Optimism among small business owners has surged back to historically high levels, thanks to strong hiring, investment, and sales,” NFIB President and CEO Juanita D. Duggan wrote in her organization’s recent report. “The small business half of the economy is leading the way, taking advantage of lower taxes and fewer regulations, and reinvesting in their businesses, their employees, and the economy as a whole.”