The BNI Business Index is a website that was created to consistently gauge the ever-changing economic state of business based on quarterly global survey results of retailers, service companies, and manufacturing companies all around the world.
The statistics gathered from the survey results are intended to keep small business owners, entrepreneurs, and companies, as well as the media and the general public, educated and informed as to the changing state of the global business economy and the current business trends that become apparent over time.
The findings for the 2011 2nd Quarter BNI Business Index are in and they continue to look promising. Over 1,700 people responded to this survey and for the third quarter in a row, we see a rise in the index relating to how business is doing today compared to a year ago. According to the survey, 70.4% of the respondents believe that business is growing (58.1%) or growing substantially (12.3%) compared to this time last year. Only 5.4% felt that business was declining (4.6%) or declining substantially (.8%) compared to this time last year.
This quarter there were four themes that seemed prevalent:
– Being Leaner & Meaner
– Having a New Focus
– Government Regulations
One survey respondent best summed up the “leaner and meaner” theme by stating that his business was becoming “leaner, keener, and meaner!” Another person stated that they had “adapted to the business environment and things have ‘stabilized’ as a result.”