Small businesses are expecting positive first quarter results, according to our SurePayroll Small Business Scorecard. Nine in 10 expect first quarter results to be the same or better than last year, an encouraging sign for the year to come. It’s also an indication that they are looking past headwinds from health care, international turmoil, the proposed minimum wage changes and debate on overtime laws.
Only one in 10 thought the first quarter would be worse than a year before.
Meanwhile, small business owners saw positives nationwide in a more stable economy, a stock market hitting new highs and continued hiring.
Perhaps the biggest positive indicator for the small business economy, according to the Scorecard, is that optimism among small businesses has hardly wavered from 70 percent, where it was at the beginning of the year. This steady optimism is a good sign small business owners believe in the future and they tend to act accordingly, whether that means investing more in their businesses or hiring. While we haven’t seen hiring growth manifest just yet overall, March showed encouraging signs in the South and West. Hiring gained in the South 0.2 percent and rose in the West 0.1 percent.
It’s nice to see half of our hiring map flashing green.
For more data on small businesses nationwide and from our top metro areas check out the SurePayroll Small Business Scorecard infographic below and share it with your friends.