Belmont University

Entrepreneurs See Short Recession, But...

In the latest small business poll from the NFIB, entrepreneurs see an upturn toward the end of the year.

The NFIB Index of Small Business Optimism rose 1.9 points in April to 91.5 (1986=100). Half of the gain was due to an improved outlook for business conditions 6 months out, and a quarter was from improved earnings trends. Improved earnings during a slowdown seems to indicate that business owners saw this soft economy coming and took steps to cut costs.

However, the net percent of owners reporting higher average selling prices rose again this month. And the percent of owners citing inflation as their No. 1 problem was up to the highest reading since 1982. The number of those planning to raise prices also rose significantly.

Inflation is starting to hit main street.


Posted by Jeff Cornwall on May 13, 2008 06:31 AM |

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Comments

Genuine entrepreneurs will ignore the recession and soldier on. Dont allow the recession to hold you back!

Birdied by: Sean Goss | May 20, 2008 07:15 AM

More and more people will find the internet and become entrepreneurs because you simply must have several income streams in todays world.No guarantees of a steady job.

Birdied by: Tom Lindstrom | May 29, 2008 08:58 AM

Tap it in and Comment, Please

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