The Small Business Research Board (SBRB) has established a Small Business Confidence Index (SBCI) for two new industry categories, including the retail and distribution / wholesaling businesses, it was announced here today.
NORTHFIELD, Ill. (Business Wire EON) October 16, 2007 --
The Small Business Research Board (SBRB) has established a Small
Business Confidence Index (SBCI) for two new industry categories,
including the retail and distribution / wholesaling businesses, it was
announced here today.
The SBRB through its quarterly updates of the SBCI helps determine and
track trends shared by business owners and managers in the US and Canada
as well as in specific industries. The SBRB also issues quarterly SBCI
reports for the construction / contracting, manufacturing and food /
beverage businesses in the US. The SBRB U.S. survey programs are
co-sponsored by International Profit Associates (IPA).
Based upon the responses during the third quarter, the SBRB has
established an SBCI of 44.66 for the retail sector and an SBCI of 41 for
the distribution / wholesaling sector. The SBRB has been tracking
attitudes of businesses in these sectors since its inception, but this
is the first time an SBCI has been determined.
By contrast, the overall SBCI for all small businesses responding to the
quarterly survey was 43 or three points lower than the 46 recorded
during the second quarter.
The SBRB polls capture the opinions of small businesses on such topics
as the economy, revenue growth, hiring and significant issues, among
others. The universe of participants is developed from among small
businesses across the U. S. The SBRB studies are voluntary surveys
conducted via direct telephone contact. Projections about the strength
of the economy, revenues and hiring looking forward 12 months are the
three key ingredients to determining the SBCI and providing the basis
for the quarterly and annual comparisons.
The SBRB will issue separate industry reports on the retail and
distribution / wholesaling sectors as it does with the other industries.
“The Small Business Research Board has had
significant success consistently utilizing its methodology to track the
opinions of small business owners and managers. We have found that the
SBRB provides valuable real time data that can be used today as
management tools for businesses,” said Gregg
M. Steinberg, President of IPA.
The Small Business Research Board ascertains and reports the opinions of
small business owners and managers on a wide variety of topics related
to their own businesses as well as national and international issues
that may impact their operations. The SBRB conducts these studies for
the benefit of small business owners and managers. The SBRB also
provides opportunities for third parties to gain real time insight into
the attitudes of small businesses nationwide through the independently
conducted research. The SBRB, based in Northfield, Il., has conducted
similar quarterly studies in the U. S. since 2004.
The latest information about the Small Business Research Board can be
found at www.ipasbrb.com.
International Profit Associates, Inc. (IPA) is the largest
privately-held provider of management consulting services to small and
medium-size businesses in North America. IPA and its more than 1,800
professionals offer a wide range of proven and innovative methodologies
to help businesses grow and prosper regardless of the economic cycle.
IPA either provides directly or through its affiliated companies a
comprehensive array of business advisory services, tax and estate
planning services or merger, acquisition and other financial advisory
services in the United States and Canada. More information about IPA can
be found at www.ipa-iba.com.
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SBRB INDUSTRY COMPARISONS Q3 2007 vs. Prior Quarters
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ALL
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Construction/
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Food
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Manufacturing
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Retail
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Distribution/
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US
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Contracting
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Wholesaling
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Q3 2007
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43
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47
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48.5
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38.33
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44.66
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41
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(current)
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Q2 2007
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46
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48
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40.3
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40.3
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--
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--
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Q1 2007
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40.78
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43.4
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38.03
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37
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Copyright 2007 Small Business Research Board (SBRB)
The Small Business Research Board ascertains and reports the opinions
of small business owners and managers on a wide variety of topics
related to their own businesses as well as national and international
issues that may impact their operations. Participants in the poll
provide feedback on significant issues and allow for real-time insight
into the state of small businesses nationwide. The poll was
structured and is supervised through an independent resource using data
collected from small businesses across the U.S.
For more information about this poll, results of previous studies or
other matters related to the SBRB, please contact Raymond D. Minkus, (847)
441-4192.
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