Despite recent reports showing that some businesses plan new hires over the next year, the overall confidence of small businesses has continued to decline, according to a monthly survey
conducted by the National Federation of Independent Business (NFIB
The survey showed that the organization’s metric for measuring small business optimism as a whole dropped to the lowest level since March of 2010, with one of the largest monthly declines of the last six months. One analyst thinks that recent political troubles could have a lot to do with the drop:
“The tumultuous debate over the nation’s debt ceiling and a dramatic 11th hour ‘rescue’ by lawmakers did nothing to improve the outlook of job-makers,” said NFIB Chief Economist Bill Dunkelberg in a statement.
“Private sector decision makers think longer term and they don’t like what they see. There is little clarity or certainty. When people are uncertain about the future or fear it, they don’t spend or invest, and they chase after protection—and protection is unlikely to come from the government.”
While this paints a grim picture of the future of small business, remember that managing your money well can help to offset this dip in overall sales revenue. Cutting losses with good fuel management can help to keep your fleet flourishing even in tough times!
Photo courtesy of photosteve101
and re-used under the Creative Commons license