Small Business confidence edging higher - good for franchising

Whether you are looking at starting a fast food franchise, a handyman franchise or a remodeling franchise recent news that small business confidence is improving is good news for franchising. Combine that with the fact that another recent study shows the positive impact that entrepreneurs are having on the creation of wealth in the world and now may be the time for you to move forward with your business ownership.

Small Business Confidence Edges Higher As Entrepreneurs Help Create World Wealth

In July the National Federation of Independent Business report on small business optimism edged up to 94.1 from 93.5 as the 17th volume of Barclays Wealth Insights, the study on the changing order of wealth creation shows that entrepreneurship is one of the leading creators of wealth in the world.
In my view these studies show that:-

1) Small businesses in the US are starting to feel good about where we are heading
and
2) The success of these enterprises have a dramatic impact on not only our own economy but also the world's economy.

This is also good news for franchising. Franchising is the gateway to small business ownership for many entrepreneurs. The survey showing confidence returning to the small business community is great news but not only that we also have a separate report telling us that entrepreneurship is now being recognized as one of the dominant creators of world wealth.

U.S. Needs More Entrepreneurs

We need more entrepreneurs. The age of American wealth being created by the entrepreneur may be coming to an end. The picture may be changing with America falling behind the rest of the world when it comes to creating entrepreneurial wealth. The study from Barclays, "Origins and Legacy the Changing Order of Wealth Creation," finds that the developing countries now lead the U.S. when it comes to wealth creation by entrepreneurs. One major reason seems to be that the U.S. is further along in the wealth cycle and has a much longer history of wealth creation while the up and coming countries still have first generation entrepreneurs.

America was founded by innovators and risk-takers, early entrepreneurs willing to sacrifice a certain way of life and working hard to create a better opportunity. At our remodeling franchise we see that same entrepreneurial spirit in action everyday through our franchisees.

Please let me know what you think.