The Small Business Research Board (SBRB) has established a Small Business Confidence Index (SBCI) to track trends among small distribution and wholesaling businesses throughout the U. S., 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) to track trends among small
distribution and wholesaling businesses throughout the U. S., 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 41 for the small distribution and wholesaling
business sector An SBCI of 44.66 was also set for the retail sector,
another industry in which the SBCI was reported for the first time the
past quarter. 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.
“We are glad to be able to launch the
distribution and wholesaling industry SBCI. The Small Business Research
Board has had significant success consistently utilizing its methodology
to track the opinions of small business owners and managers throughout
the US and we are certain this data will become a valuable real time
management tool for owners and managers,” said
Gregg M. Steinberg, President of IPA.
The SBRB Distribution and Wholesaling Industry study indicated that 37%
of the respondents believe the economy will improve during the next 12
months and that 52% believe their revenues will increase during the same
period. Distribution and wholesaling companies intend to increase hiring
to support their opinion. The survey results showed that 34% will add
employees with 36% maintaining current staff levels.
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.
SBRB INDUSTRY COMPARISONS
Third Quarter 2007 vs. Prior Quarter
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ALL
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Distribution/
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US
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Wholesaling
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Small
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Business
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Confidence
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Index
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Q3 2007
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43
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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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--
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Economy
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Improving
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Q3 2007
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37
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37
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(current)
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Q2 2007
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43
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--
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Revenues
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To Increase
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Q3 2007
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(Current)
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53
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52
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Q2 2007
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58
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--
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Hiring
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To Increase
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Q3 2007
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39
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34
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(Current)
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Q2 2007
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37
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--
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-- Outlook for the general economy is for the next twelve months?
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37% Better
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24% Worse
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39% No Change
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-- Revenue expectations for the next twelve months?
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30% Increase of 10% or more
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22% Increase of less than 10%
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33% Will be about the same
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9% Decrease of less than 10%
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6% Decrease of 10% or more
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-- Expectation for hiring new employees during the next twelve
months?
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34% Increase hiring
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19% Decrease workforce
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36% Remain the same
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10% Unsure
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(a) numbers may not equal 100% as a result of rounding
Copyright 2007 Small Business Research Board (SBRB)
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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