The Success And Success Of A Small Business Owner - 754 Words

The goal of the majority of corporations, primarily the small businesses, is the continuous improvements in the manner in which they operate every year. This is a difficult feat many business owners find to be very difficult and challenging. The life of a small business owner is one filled with many challenges, both big and small. Many factors will determine the levels of confidence and success that a small business will experience. The small business optimism index consists of results compiled by a survey of small business owners, conducted on a monthly basis by the National Federation of Independent Business (NFIB). The surveys components are the result of ten factors that affect the success and progress of every business owner. These factors include: plans to increase employment, plans to make capital outlays, plans to increase inventories, expect economy to improve, expect real sales higher, current inventory, current job openings, expected credit conditions, now a good tim e to expand, and earnings trend. (MyPivots, 2010). Those factors assist the NFIB in analyzing and predicting a small businesses potential vitality, and their influence on the stock market. Although these factors seem to be comprehensive, many other factors also exist that could go overlooked which could be included and aide in presenting a much more comprehensive view for the Optimism’s report. Some of those factors will be focused on are consumer confidence, interest rates and inflation.Show MoreRelatedCritical Success Factors for Small Business Enterprises in Saudi Arabia854 Words   |  4 Pagesstudy which the critical success factors that are necessary for achieving success for a small business in Kingdom of Saudi Arabia. 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