Confidence among Small Business Owners Continues to Climb

No one would deny that it’s been tough for small business owners in recent years. However, if one recent report is any indication, times are getting easier – or, at least, small business owners are becoming more confident about their ability to weather the storm.

The National Federation of Independent Business recently reported that its small business optimism index moved up by a few points during July. The NFIB index is one of the leading indicators for the small business economy, and July’s rise follows a decline in June.

Bill Dunkelberg, chief economist for the National Federation, noted that business owners are currently feeling bullish about both business conditions and the outlook for future expansion.

However, there was only a modest rise in the number of firms increasing inventory purchases and creating new jobs.

Are you feeling optimistic about your small business?

Tell us in the comments below.