Knowing exactly when the low point (or high point) of any fluctuation occurs is almost impossible without some distance from the events. According to a new survey, the low point of optimism for small business owners may have been last October.According the findings of the latest American Express OPEN Economic Pulse, a semi-annual survey conducted in January and February of this year, business owners remain concerned about the economy. The survey attempted to hone in on how business owners perceive economic conditions, cash flow, hiring, access to credit, and the government stimulus package. The good news is that optimism has "stabilized." Among the findings the survey marshals to support that conclusion are:
Though the survey does find indications that warrant some guarded optimism, it's not all on the up and up. Also included in the survey findings were these downers:
Though any indication of bolstered confidence is welcome news in the current economic climate, mindset is such a subjective and fluid state that it begs skepticism -- and any trend line, no matter, how flat, is celebrated.
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