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Small businesses continue to grow


A recent survey conducted by the Small Business Authority found small business growth has been on the rise for the past few years.

The SB Authority Index for February 2012 reached 111.18 points, up 0.71 percentage point from January, with the index up 7.85 percentage points in the last year.

"The index indicates continued and positive momentum at a moderate pace," said Barry Sloane, president and CEO of the Small Business Authority. "Consumer spending and personal consumption continue to lead the way and we will continue to wait for further signs of economic follow through."

Another recent poll that considered the outlook of small businesses was the Vistage CEO Confidence Index, which found 84 percent of the CEOs surveyed said they've learned to be more productive with fewer employees. 

As SMBs expand, it is important they secure the necessary small business insurance policies, otherwise they will be at risk to lose a lot of the ground they're making up as the economy continues to recover.

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