Small-Business Optimism Hits Record Low
Fewer owners feel the economy is improving, a recent survey shows.
From: Inc.com | October 29, 2007 By: Angus Loten
The nation’s small-business owners are increasingly worried about the economy, as conditions in most business sectors continued to decline this month, according to Discover.Out of 1,000 owners surveyed nationwide, only 35 percent said they felt economic conditions for their businesses were improving, down from 40 percent in September. An even fewer number rated the economy as “excellent” or “good.”
For the entire article go to Inc.com
Corra well understands why small businesses are concerned about the economy. Corra is a small business and knows these can be trying times. But then we believe the fear aspect is greater than the reality and much of the more dire predictions will prove incorrect.
Nevertheless, the holiday season is here and the show must go on. Small businesses and large corporations must not only examine the holiday season but look to next year to whom they will hire. But with the economic slow down and a lot of desperate people you certainly want to run background checks to make sure you are recruiting an asset and not a potential disaster.
As for the small businesses out there, it is wise to conduct business research on any vendors, ventures or clients to whom you are extending credit. Corra provides business credit reports and comprehensive background checks on the individual executives. In these times, it’s a smart move.
Check them out before you hire.
