Infographic: Q3 2018 Small Business Index
Insights on small business owners in Q3 2018.
Wells Fargo/Gallup's Small Business Index resulted in an overall index score of 118 in Q3 2018. That includes a score of 52 for present situation, and 66 for future expectations.
Strong Financial Outlooks
Here's how business owners rated their current financial situation in July 2018.
78% said their current financial situation is very or somewhat good.
Other key drivers included: 84% said their financial situation in the next 12 months will be very or somewhat good 69% said their business had very or somewhat good cash flow in the past 12 months. 77% said they are expecting very or somewhat good cash flow in the next 12 months.
Going Where Customers Are: Online
When asked to identify an opportunity for their business, business owners seek to integrate further into the digital marketplace. 54% of business owners are very or somewhat likely to increase their business' online presence through online and social media marketing.
Other insights: 37% expect a quarter of their business to be conducted online in five years.