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There's some really good news coming out of the National Federation for Independent Business, which is reporting a record high in optimism and plans for growth among its membership of American small businesses. And importantly, it's not just good news for the companies — it's good for workers, too! The NFIB Research Foundation has collected Small Business Economic Trends data from NFIB’s membership with quarterly surveys since 1973 and monthly surveys since 1986. The most recent was conducted in August 2018, and the report is awesome.
NFIB Chief Economist Bill Dunkelberg said that at the beginning of the current expansion period, their report was “dominated by expectations: good time to expand, expected real sales, inventory satisfaction, expected credit conditions, and expected business conditions. Now the Index is dominated by real business activity that makes GDP grow: job creation plans, job openings, strong capital spending plans, record inventory investment plans, and earnings. Small business is clearly helping to drive that four percent growth in the domestic economy.”
Read the complete Small Business Economic Trends report.
You need tools at your disposal to help you take advantage of the growing economy.
When you make an investment in a software system — ensure you're set-up for success, after the sales, and can reap the rewards of that investment.
This is the time to take that next step for your business — to put good systems (and support) into place to power profitable growth.
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"xTuple" (verb) — to grow; to increase exponentially. Our mission is to help manufacturing and inventory-centric companies use management software and best practices to grow their business profitably.