Belmont University

Small Businesses Expecting Growth

Small business owners are beginning 2006 in an upbeat mood. In a survey released this week by the NFIB, small business owners say they expect sales growth and anticipate hiring more employees.

"This is great news for small businesses," NFIB Chief Economist William Dunkelberg said. "It points to solid job creation and continued downward pressure on the unemployment rate. Equally important are the data showing that there was no change in the net percent of those firms raising prices (18 percent), indicating no new pressure on prices."

If only we could get Washington to keep their eye on this ball. None of the major debates going on right now get to the heart of what will help these trends continue to improve. We need to get government out of the way of entrepreneurs (by the way, Eidelblog has a great post related to this) and reform the tax system. We would see an explosion of small business growth if they would follow this formula.


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