The Suit Magazine

Although recent job reports have indicated that unemployment rates are remaining at a steady 9 percent, small business owners have been increasing their staff. According to a report by Citibank, rising employment rates among small businesses were projected even before the financial collapse.

In a stroke of good news, 58 percent of small business owners have stated in a poll given by FedEx that the worst financial times are over. Many believe that as the cost of conducting business steadily decreases, their potential for improved profits margins will increase. However, this decreased cost may also be an indicator of a weakening U.S. economy.

In fact, according to Jim Blasingame of Forbes online, the majority of small businesses that are seeking capital either currently do not want loans, or have previously established relationships with local banks to take care of their financial needs.

Regardless, NPR has stated that small businesses owners should stick with their investments as long as they believe in their business and have done adequate research. As long as small business owners stay focused on establishing customer relationships and are mindful of cost management, they will be successful well into more prosperous economic times.

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