The list of possible inputs to consider for business planning can feel like a whirlwind. You can choose from an array of confidence surveys, economic indicators and stock composites. Despite that mixed bag, many small business experts point to the Business Owner Optimism Index from the National Federation of Independent Business (NFIB) as a statistic that stands out among the pack.
Based on 10 survey indicators, the NFIB index tracks well against sales levels, employment and credit conditions.
NFIB compiles its Business Owner Optimism index with the following inputs collected via survey:
If you are overwhelmed by a laundry list of other inputs, bookmark the NFIB Business Owner Optimism Index at http://www.nfib.com/sbet, and download the most recent quarterly report.
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