Page 11 - GIADA-Sept-2018-Final

INDUSTRY INSIGHT

Small Business Optimism Reaches

All-Time High

By Used Car News
Small business optimism is at an all-time
high in the latest quarterly Wells Fargo/
Gallup Small Business Index.

The survey, which measures small business
optimism, had an overall Index score of
118, 12-percentage points higher than last
quarter and the highest level in the survey’s
15-year history. High indicators drove the
current Index score from small business
owners on their overall financial situation,
cash flow and ability to obtain credit.

Even as optimism soared, small business
owners’ sentiment about their company
revenues remained relatively consistent
with the previous quarter. About half of

respondents said their revenues increased
over the last 12 months, and 61 percent said
they expect company revenues will increase
over the next 12 months.

For the second consecutive quarter, survey
respondents said hiring and retaining staff
was their top challenge, at 18 percent.
It could remain a challenge in the year
Sunsets are beautiful, unless ahead, as 35 percent of firms said they
expect an increase in the number of jobs
it’s your GPS network. at their company in the next year. Other
top challenges cited by business owners
include taxes (9 percent) and attracting
new business (9 percent), which have been
Switch now to 4G LTE. consistently reported among the top issues
of small business owners. n

4G LTE is the only cellular network that will be growing, leaving
behind older technologies. If you are looking for a long term JOIN GIADA TODAY
solution, look at our 4G LTE GPS trackers.
Find out how much more SVR Tracking can do for you besides If you are a current dealer or
basic locate. You’ll be amazed at how far we’ve come! sell to dealers, GIADA
Call, Email or Text. We pride ourselves on providing the best training and membership will grow your
support in the industry supported by a 3 year hardware warranty. business and save you
money! Learn more about
why GIADA membership is
Visit us online at www.aragps.com a critical investment.
Call or text 770-871-0051.
E-Mail aragps@mailga.net ARA GPS Visit giada.org/membership

9 | GIADA Independent Auto Dealer AUGUST 2018 GIADA Independent Auto Dealer SEPTEMBER 2018 | 9