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| ABOUT | ||
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| SMALL BUSINESS TRENDS brings you daily updates on trends that influence the global small business market. | ||
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Anita Campbell, Editor |
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| Past life: CEO, corporate executive, tech entrepreneur, retailer, general counsel, marketer, HR ... (more) | ||
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October 2003 November 2003 December 2003 January 2004 February 2004 March 2004 April 2004 May 2004 June 2004 July 2004 August 2004 September 2004 October 2004 November 2004 December 2004 January 2005 February 2005 March 2005 April 2005 May 2005 June 2005 July 2005 August 2005 September 2005 October 2005 November 2005 |
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Small Business Trends Radio Tuesdays, 1:00 PM Eastern U.S. time on Voice America network Click to listen November 1st: Torsten Jacobi, CEO of Creative Weblogging, joins host Anita Campbell. Sponsored by Six Disciplines. Show details. |
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Sunday, February 13, 2005 | |
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U.S. Economic Conditions are Good for Small Business | |
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Economic conditions are good for U.S. small business:"Economic conditions for small business continued to be strong in the fourth quarter of 2004," said Dr. Chad Moutray, Chief Economist for the Office of Advocacy. "And for the year, GDP growth of 4.4 percent is good news for small business. In the fourth quarter alone businesses added over 600,000 net new jobs. The outlook for the small business economy remains bright."That's according to the Quarterly Economic Indicators Report for the 4th Quarter of 2004. The report was issued by the U.S. Small Business Administration's Office of Advocacy. A reader emailed me recently asking the difference between the SBA's Quarterly Indicators Report, and the NFIB's Small Business Economic Trends Survey, which I wrote about on Friday. The two are very different. The SBA Quarterly Indicators Report is mainly a compilation of government (and a few other) statistics. It is primarily a backward-looking analysis. It measures how the economy and other factors affecting small businesses actually performed during the just-ended quarter. The NFIB's report, on the other hand, is a survey of small business owners themselves. It measures small business sentiment, i.e., how small business owners feel about the economic conditions they operate under and the outlook they have for their businesses, based on current sales, orders in the pipeline, etc. The NFIB's report is designed to be more of a forward-looking report. I use both reports for gauging trends in the small business marketplace. The SBA Quarterly Indicator Report gives me the big picture about the crucial role small business plays in the overall U.S. economy. The NFIB Survey gives me a more up-to-the-minute sense of what is happening at a grassroots level among small business owners. Download the SBA Quarterly Indicators Report here. Download the NFIB Survey here. [Hat tip to Jeff Cornwall of The Entrepreneurial Mind for notice that both reports were out.] |
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