Not only does this mean Summer is over and people have to start paying attention to their jobs again, but it also means that Q4 is approaching faster than anyone could have ever hoped or imagined. Our nation’s President has been talking about refocusing on the economy and how small business will play a huge role in that rebirth. This got me thinking about the effects our plummeting economy has had on the state of small business in recent months.
About 4 months (and two quarters) ago, we posted an article that aggregated all the best graphic depcitions of where the state of small business seemed to be positioned at that time. That post included mostly inforgraphics with some linked videos of respected economists or small business experts weighing in on the state of small business. My aim with this post is to explore how far the state of small business has come through this market downfall and where it is headed with the hopeful upswing of our economy in the coming months.
Adam Toporek over at Intense Fence put together an interesting infographic last month about exactly where small business in the United States stands. While this may not seem like the most optimistic view of the way things are, Toporek really tells it like it is which will make people feel one of two ways; defeated or motivated:
Principis Capital paints a different picture. Or, rather, the other side of the story. This graphic is the result of a 200 business survey regarding the problems small businesses face day-to-day, the potential for investing in your own business, and optimism among owners:
Infographic by the Principis Capital
If you are really looking for the bright and sunny of things, your last stop on this graphic smorgasbord should be at Inc. to check out their success stories section. It is nice to know that the state small businesses still has a large share of thriving business and some of the case studies are extremely informative resources.
It will be interesting to see where the economy heads in Q4 and beyond and how much small business will impact that path. While the state of small business may look bleak to some, small business is what has made America what it is, so why doubt it now?