But it still remains at historically high levels. The index, which has been published in one form or another for almost 50 years declined a few points this month. The proof of this is in the latest release of the National Federation of Independent Business’ Small Business Optimism index.
Even this month, after a bitterly fought election where a very pro-business president suffered defeat at the hands of an opponent who promises more regulations, taxes and worker benefits, small business owners are looking to the future with hope and confidence. Startup applications are through the roof.Īnd through it all – during one of the worst recessions we’ve seen in recent memory – small business optimism has remained strong. New entrepreneurs have emerged selling and servicing handmade and sustainable products, butter, outdoor heaters, swimming pools and robots that clean offices. Construction firms, plastics companies and makers of essential products and services have scrambled to fill demand.
Established firms managed to keep working even with all of their employees at home. In the midst of a global health crisis and facing draconian restrictions, many restaurateurs have amped up their delivery services, re-jiggered their menus and constructed out of thin air outside versions of their eateries in city streets and parking lots, complete with heaters and private dining cubes.
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