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Investments by small business owners dwindling

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Small business owners were feeling better about the economy earlier in the year, but the most recent Wells Fargo/Gallup Small Business Index found firm owners are more pessimistic than in previous months.

According to the index, small business owners are increasingly having concerns about their future financial situation, revenue and cash flow, and the index dropped six points to positive 17. 

“Business owners have a lot of unknowns in front of them today,” said Doug Case, small business segment manager for Wells Fargo. “This is the first drop in the Index this year, and it seems to correlate to the lower percentage of business owners planning to invest in their companies in the year ahead."

The index does not only show negative sentiments by small business owners, despite the poor results. Fifty-three percent of respondents said they have made capital investments over the past year, and 70 percent of those firms purchased new equipment or machinery.

Negative sentiments are causing small business owners to reassess their firm's stance toward the end of the year. With this in mind, owners should look to protect their companies with small business insurance policies.

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