Survey says: Small business is thriving – Utah News

Survey says: Small business is thriving – Utah News

It’s better to be a small business owner now than at any other point since the start of Great Recession, according to a Wells Fargo/Gallup small business study conducted for the first quarter of 2017.

The survey pegged the overall Index score of the optimism of small business owners at 100, the highest point since it was also 100 in July 2007. The score is a 20-point increase from November 2016, and a 33-point increase from this time a year ago.

The optimism is attributed to better financial situations, increases in revenue, more cash flow, and easier access to credit.

The challenge facing most small businesses in Mesquite is navigating the seasonality of the city. Summer months often lead to a dip in business because there are fewer residents living in the city.

“The population tends to be a little transient in the summer, that’s probably the biggest thing. We’ve had good support through the summer so it’s not the end of the world it’s just a little slower, you just have to prepare,” said Greg Gillespie, owner of Dixie Nutrition in Mesquite. “We watch our inventory a little closer through the summer. As we go into summer, we kind of tighten everything up.”

Tony Timmons, assistant vice president of corporate communications for Wells Fargo in Nevada and Utah, said strong cash flow is the best way to sustain seasonal dips.

“It’s really about managing your cash flow. That is critical for a small business because you need to be able to ride those dips and leverage the high seasons as…

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