Are you upbeat about 2014? Here is a quick look at some interesting information that may help you to decide.
What's trending for the better? Employment, new home sales, remodeling, incomes, available credit, existing home sales, household mobility, wealth (thanks to a better stock market and rising home prices), consumer confidence and corporate profits.
What's lower? The number of foreclosures, mortgage rates, inflation and the number of personal bankruptcies.
What is concerning? Leading the way with uncertainty is the Affordable Care Act (ObamaCare) which has many businesses owners feeling nervous about what to expect from the government in 2014 and beyond. No one knows at this point how ACA will play out but it is certainly safe to say that everyone will feel some impact from the changes in healthcare whether good or bad.
Clearly, these are all real factors that will have an impact on businesses during the coming year. Whether you feel that things are improving or not, the new year is here and we all need to be involved in creating business opportunities for local businesses and each other.