Small Business Optimism High, But Concerns Persist

Small business optimism continues to rise with the majority of business owners reporting increased sales and improved business conditions since earlier this year, according to Capital One’s latest Small Business Growth Index, which surveyed 500 small business owners in August.

This article first appeared on the
CapitalOne Spark IQ Business blog.

In fact, 60% of small business owners (SBOs) feel current business conditions are good or excellent. Moreover, Capital One’s Small Business Confidence Score tracking overall small business sentiment on the economy, hiring plans, future financial positions and recent sales, has reached its highest point since 2012.

Could this increase in positive sentiment among small business owners indicate that confidence will continue into 2018? Possibly. While the survey results point to high confidence and a positive small business outlook, they also show business owners facing challenges and concerns about legislative topics. Taken together, the data paints a picture of what will be top of mind for business owners next year.