Wells Fargo: Small business optimism on the rise

Owning a small- to medium-sized business often requires entrepreneurs to consider many factors at one time. Is all financial paperwork in order? Do I need to contact any vendors? How are customers responding to the new website?

Having the right Arizona business insurance might not be a priority, but it is essential that company leaders have the right policies in place. Otherwise, there could be a major issue in the future that will force business owners to evaluate if they can even keep the organization running.

As the economy works its way back to a full recovery, Arizona entrepreneurs—along with small business owners across the country—are becoming more optimistic. According to the recent Wells Fargo/Gallup Small Business Index, the overall score has improved by nine points since the second quarter of this year, and increased by 36 points since the fourth quarter of 2012.

Doug Case, Wells Fargo small business segment manager, explained in an article associated with the report that the Small Business Index has been tracking companies for the past decade. While the current optimism levels are below where they stood pre-recession, the score is higher than it's been in five years.

"The survey has shown a slow and uneven recovery for small businesses, and this quarter we continue to see business owners express cautious optimism as economic trends improve, such as a strengthening housing market," he said.

Arizona business insurance is another way for owners to feel confident in their company's position in the market and its future stability. Worrying about your commercial property insurance should never be a hindrance on future growth. Knowing that your business is protected against unforeseen events, such as natural disasters, can give you more time to devote to other details.

 

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