A Wells Fargo/Gallup survey seems to reveal that small business owners are the most optimistic that they’ve been in five years.
These business owners expressed that they expect their businesses to increase cash flow and hire more employees in 2014.
This small business survey was conducted Jan. 6-10.
The overall score increased to a positive 45 (+45) in January, which is up from a positive 24 (+24) back in October 2013.
It’s great that this score is the highest it has been since the third quarter of 2008, but the fact remains that it’s still well below pre-recession levels.
Wells Fargo/Gallup says that there are several factors contributed to this quarter’s increase in small business optimism compared to fourth quarter 2013:
- Improved cash flow
- Increasing hiring
- Increasing revenue
- Accessing credit
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