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Index Shows Small Businesses More Positive About Year To Come

Written by Ken Gaebler
Published: 12/8/2010

Wells Fargo/Gallup Small Business Index shows more confidence during last quarter

According to one recent survey, small business owners are feeling more confident about their ability to have success in the coming year.

Entrepreneur Profits

The Wells Fargo/Gallup Small Business Index revealed that small business owners were expecting revenues, cash flow and capital spending to improve in the next 12 months. The latest score of -4 represented a 24 point improvement from the prior quarter. The head of Wells Fargo's small business operation, Doug Case, said that entrepreneurs were looking forward to the future.

"After a year when optimism dropped to the lowest level in survey history, business owners appear to be turning a corner and looking ahead," said Case. "To support business owners as they begin focusing on growth, we have launched a new small business financial education website (www.wellsfargobusinessinsights.com) featuring an array of timely, relevant resources that can help them achieve their goals."

Wells Fargo made other news for small business when a representative gave entrepreneurs advice in a recent interview. Richard Weeks, the bank's senior vice president of internet services group, told the Dallas News that he could relate to small business owners. "Many business owners don't have set hours, and we want them to bank on their hours, not ours," he said in an interview with the news source. 

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