The impact of deregulation is linked to business optimism and increased sales and earnings.
It’s no secret that when it comes to managing a small business, an influx of regulations and policies can be, well, taxing. But the Trump administration has made significant progress to help decrease regulations on small business and increase opportunities and optimism, which NFIB has long supported.
In fact, only 13 percent of business owners reported “regulations and red tape” as a top concern, and an additional 22 percent of small business owners expect the economy to improve, according to NFIB’s November 2018 Small Business Optimism Index.
“Small business owners are enthusiastic about the economy and have demonstrated their optimism by raising wages, creating new jobs, and investing in their businesses throughout 2018,” said NFIB President and CEO Juanita D. Duggan. “Overall, small business owners have shown a historic trend in optimism for their businesses and the economy and continue to be the driving force behind economic growth.”
Here’s a look at how a decline in regulations on small business is leading to more optimism and growth for small businesses.