We love being able to talk about good news that is affecting all of us!
And what can be more positive than historical optimism?
As a business owner, are you more positive about the outlook than you have been in years?
According to the NFIB, the September 2018 survey showed:
- Actual capital spending in the past few months rose significantly.
- Average employment change per firm was solid.
- Owners bulked up inventories.
- Compensation increases set a new record.
One challenge this has created is around hiring and the need to pay higher wages to employees. “The economy continues to deliver a spectacular performance for one so near its record length. Small business owners continue to face labor force challenges but are increasing compensation to keep up,” said NFIB Chief Economist Bill Dunkelberg is quoted as saying,
Whatever you’re doing with your business, keep it up. And if finding additional financing for business growth is on your forecast, remember that Primary Funding is here to help!