Tag Archive for 'economic indicators'

Small business economics

Two years after the technical end of the Great Recession, the U.S. economy is still struggling to recover. It’s clear that the residual of the causes of this downturn have yet to be absorbed. In fact, GDP growth for 2011 is tracking at a slower pace than last year.

As we’ve done periodically in the past year, we recently asked our audiences about their experience in the economy right now. We asked, “Based on your small business right now, which of the following most closely fits the economic conditions you’re experiencing?”

The first choice, “Up - our business is good,” was chosen by barely more than one in ten of our respondents. This is pretty close to the top response in the last poll we took.

The middle question, “Flat - we’re doing okay, but growth is slow,” was the big group, coming in at 65% of our sample. The last options, “Down - we’re barely holding on,” was admitted by almost one-fourth of our respondents.

With almost 90% percent of our poll participants reporting either slow or no growth, this, unfortunately seems to track pretty close with other polls I report about on my radio program, The Small Business Advocate Show, as well as the national economic indicators.

It’s clear to me that the U.S. economy is not going to grow until small businesses are able to grow.  What part of this is lost on the so-called leaders in Washington who are doing more than anyone to dampen the enthusiasm of America’s marketplace heroes, small business owners?

How do you feel about what our political leaders are doing to stimulate the economy?

I talked more about the economy and small business on my radio program, The Small Business Advocate. Take a few minutes to listen…

January 2010 Tatum survey of small business conditions

As we embark on a new year, with most of us very happy to see the last one in our rear view mirrors, what is the economic mood on Main Street?  Are recession-rattled small businesses that survived to open their doors January 1, 2010 rearing to take on the new year or are they still licking their wounds? Recently, Sam Norwood joined me on my radio program, The Small Business Advocate Show to report on the January 2010 Tatum survey of small business conditions, including sales, capital investment, capital acquisition and costs, hiring trends and other indicators. The good news is that all of Tatum’s arrows are green and pointing upward. Good news for small businesses!

Sam is Senior Partner with Tatum, LLC, and an important member of my Brain Trust. Take a few minutes to listen as Sam and I discuss not only what the Tatum survey revealed, but also how it compared to other surveys I cover and what you and I are seeing out here where the rubber meets the road.  And, as always, leave your thoughts on the direction you think the economic recovery is taking. Listen Live! Download, Too!

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