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Small Business View Brightens
Small business owners are much more optimistic about the company's financial future than they were at this time last year. The financial company says 51 percent of small business owners surveyed in June expect that 2010 revenues will be higher than revenues for 2009. Last year, only 32 percent expected an improvement.
That's shouldn't be much of a surprise. The National Bureau of Economic Research, the body that determines when recessions officially begin and end, said this month that the post-financial crisis recession officially ended in June 2009, just as the last Guardian Life survey was being conducted. Given that the recovery still feels more like wishful thinking to many people, it's understandable why they thought that last year that the world was coming to an end. The improvement is welcome, although 51 percent still seems like an alarmingly low level.
The question now is whether the small business bill that President Obama signed into law today will help matters a bit more.
Steve Rosenbush is the blogs/industry editor for Portfolio.com.
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