Sunday, November 13, 2016

Business Growth Projections for 2017

Get ready for growth in 2017!
Several sources, including the U.S. Chamber of Commerce and the Kaufman Foundation, have published reports on how well small and medium businesses have performed in recent years. The disappointing news is that business policies, regulations, high corporate taxes, and skyrocketing health care premiums during the last eight years, have caused many would-be small business owners to either throw in the towel, or postpone business growth altogether. According to the Wall Street Journal's Ben Leubsdorf, before the U.S. Presidential election, forecasters agreed the U.S. was set for only moderate economic growth.
Running on a pro-American business platform, Donald J. Trump persuaded voters around the country to support his agenda resulting in a major election night upset and his victory. Susan Solovic, said in her post-election blog, The Small Business Expert, that she views the President-elect as someone who can remove many of the barriers that small businesses face. "I’m counting on you to create a vibrant economy which gives all Americans an equal opportunity to work hard and build success," she wrote in her articles congratulating Trump. Similar sentiments have entrepreneurs and investors alike expecting a surge of startup businesses in 2017 in large part due to the promises of lower taxes and post-election pro-business policies. We hope they're right.
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