Business is Looking Up for 2011
My company has recently created a “business index” to gauge the economic state of business based on 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 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 January, 2011 BNI Business Index Report (based on the 4th Quarter of 2010) represents the first report published by BNIBusinessIndex.com.
Over 5,000 businesses from every populated continent in the world participated in this survey. According to our findings for the 4th Quarter of 2010, 67.8% of all businesses surveyed stated that business was growing or growing substantially compared to the same time the previous year. Only 7.9% stated that business was declining or declining substantially. Just over 24% of the respondents felt that business was flat during the last quarter of 2010 compared to the same time period one year earlier.
This appears to be very good news for the recession weary business community. For more details on these and other findings, go to www.BNIBusinessIndex.com.
Take a moment to share with me how business is doing for you. Do these findings track with your experience? Let me know here.
3 thoughts on “Business is Looking Up for 2011”
Dear Dr. Misner,
Happy New Year!
I decided to close my 8 year old residential re-paint business at the end of 2010. Competition in our arena had forced prices down below our point of profit. Our industry had experience a major shift in the work force. I see it as an overloaded boat with all the passengers evenly distributed. Suddenly everyone runs to only one side of the boat which causes it to capsize.
No regrets and BNI was an awesome source of referral business for us these last 3 years. Onward to new and exciting things.
Wishing You Plenty To Live,
I see the same results as the survey with many of my associates, and my own business. A lot of us are growing and we can attribute much of that success to living in a culture of learning and to our involvement with BNI. I’m looking forward to 2011 with great excitement.
I concur with the positive results and most people I know do too. Thanks for confirming that the Worldwide trend for business owners is more positive than the media would have us believe.