The small business economy took a turn for the worse in 2006, but experts see some hope in the year ahead.
CNNMoney:
2006 started strong for small business owners but sluggish economic growth took a toll on entrepreneurs towards the end of the year. Next year promises to be better, but not by much experts say.
In the 2nd half of this year, small business owners spent less on capital equipment, inventory investment weakened and hiring fell flat, according to the National Federation of Independent Business.
‘As goes the larger economy, so goes the small business sector,’ said Dr. Chad Moutray, Chief Economist for the Office of Advocacy of the Small Business Administration.
Moutray points to a tight housing market, high gas prices and a slump in employment for the downturn in the small business economy. Full article.
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