Discover Card Reports Increased Small Business Optimism
Despite concerns over the Greek banking crisis and the "flash crash," American small business owners reported a second straight month of increased confidence. The May edition of the Discover Small Business Watch index rose to 87.4, its highest level in seven months. Although slightly more than half of small business owners responding to the credit card issuer's monthly survey believe the overall economy is in poor shape, a growing number of respondents feel that conditions for their companies are staying the same or getting better.

Small business owners told Discover's researchers that free time remains scarce for the self-employed. More than half of the respondents work six or seven days per week, while 51% of business owners reported canceling family vacations to stay focused on growing their companies. Discover Card researchers also compared the 55% of small business owners who said they would work through most holidays this year to the 27% of non-self-employed consumers who reported giving up at least one major day off to their employers.

About the Author

joe

Joe Taylor Jr. is an internal business consultant for a Fortune 500 company, who writes about finance, culture, and design. He holds a Bachelor of Science in Communications from Ithaca College.