Tuesday, November 30, 2010

Small Business Confidence Up In November

It looks like it is going to be a great holiday shopping season, from what I was just reading in the Small Business Newz , the monthly index rose to 87.2 in Nov, up 3 points from 84.2 in Oct. The economy looks like it may be in a turn around for online businesses as well storefront sales. This is a good thing ..

Here is a link to the article I was reading,



Cash-flow concerns were at their lowest level in 17 months: 43 percent of small business owners experienced cash flow issues in the past 90 days, down from 46 percent in October. The highest this percentage has ever reached was 53 percent in August 2010 and July 2009; the lowest it has ever been was 32 percent in January 2007.

“We see slight improvements in nearly every survey category of the index, with significant improvement in the confidence of small business owners who sell consumer goods and services,” said Ryan Scully, director of Discover's business card.

“There would appear to be some measurable hope for the holidays that business will improve. Even still, there’s no getting around the fact that 59 percent of America’s small business owners still rate the economy as poor.”

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