by Ray Hayes
Small business owners are happy and optimistic about their business future.While I understand now every owner is happy, two out three small business owners, according to a report from MetLife and US Chamber of Commerce, are optimistic about their company and the business environment overall.
The main factors attributing to this optimism include America having the, “…strongest local economic outlook on record, a “firmer hiring environment” and a stronger backdrop for investment according to MetLife and the U.S. Chamber of Commerce.”
This is the fifth year in a row that small business sentiment rose. More than 62 percent of owners indicated that they were anticipating higher earnings as well as revenue growth over the year.
Overall, the majority of owners have optimism about the future however when broken down by gender, owners display different sentiments. 65 percent of female led small businesses are expecting higher revenue within the next 12 months compared to 61 percent of their counterparts. Furthermore, 36 percent of women expect a hiring growth while only 30 percent of men expected such a change.
Suzanne Clark, senior executive vice president of the U.S. Chamber of Commerce, spoke about the recent report and small business optimism. “It’s important to continue to break down barriers to growth and create an environment where all businesses can thrive. Small business owners remain optimistic and by taking action to help alleviate some of their current obstacles and ensure opportunity, we will in turn further increase Main Street optimism.”