I came across an online poll conducted by Bank of America, where they surveyed 1,067 small business owners throughout the United States. They concluded that small business optimism is continuing to rise as a desire to grow and hire more people expands.
While fantastic, I still believe owners should be cautious moving forward. Interest rates are going to rise. Tariffs remain a large issue for specific industries. Health insurance costs are insane. And, while gasoline is coming down in price recently, this past year saw a yo-yoing on the cost of fuel.
The stock market has been experiencing the same effect, dropping 700 points days ago, with losses to continue to pile on today.
I’m glad small business owners have a high degree of confidence, but they’ve always been that way. Small business owners are eternal optimists who believe they can do anything. I’m proud I’m associated with such extraordinary folks.
If you’re planning on making investments, don’t put your money in the stock market. Invest in yourself and in your business.
Straight Talk with Lou Mosca (December 6, 2018)
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Grow Small Business Optimism By Investing In Yourself, Not Stocks! | Straight Talk with Lou Mosca