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Monday, October 31, 2005

Small Business Indicators Remain Strong

MyBusiness Magazine reports Small-Business Labor Markets Are Strong

Current leading indicators:
  • The U.S. economy continues to roll along, just as small-business owners predicted.
  • Analysts are now marking up their forecasts to match the predictions of small businesses.
  • Hiring plans strengthened and inventories were reported relatively low, while plans to add to inventories as we go into the fourth quarter strengthened.
  • Capital spending plans have remained steady as have actual capital outlays, reported each month by about two-thirds of the owners.
  • Inflation, the top worry of the Fed, has lost some steam in the small-business sector.

Read the entire update here.

BOTTOMLINE: Owning an leading a small business is a noble cause. The idea of a small business owner being a "hero" hits home even more, when you think of the impact made on a smaller scale. Business owners give individuals -- real people with names and faces -- an opportunity to provide for their families, and an environment where people can learn and grown and express their God-given creativity and talents.

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