GoDaddy Sees Small Business Optimism
What happened
GoDaddy's "Small Street" index reveals that two-thirds of surveyed entrepreneurs expect revenue growth in the next 6 months, signaling positive momentum for the broader economy.
Why it matters
GoDaddy's survey encompassed over 1,200 micro and small business owners across the US. This "Small Street" index could provide a timely, sector-specific economic indicator. The index also highlighted that 78% of respondents feel confident about the future of their businesses. That confidence likely stems from adapting to the post-pandemic landscape. GoDaddy's initiative reflects a broader trend of companies leveraging proprietary data to generate insights. These insights are valuable for investors seeking granular economic forecasts.
Key numbers
- GoDaddy's "Small Street" index reveals that two-thirds of surveyed entrepreneurs expect revenue growth in the next 6 months, signaling positive momentum for the broader economy.
- GoDaddy's survey encompassed over 1,200 micro and small business owners across the US.
- The index also highlighted that 78% of respondents feel confident about the future of their businesses.
What happens next
- This "Small Street" index could provide a timely, sector-specific economic indicator.
- GoDaddy's "Small Street" index reveals that two-thirds of surveyed entrepreneurs expect revenue growth in the next 6 months, signaling positive momentum for the broader economy.
Sources
Quick answers
What happened in GoDaddy Sees Small Business Optimism?
GoDaddy's "Small Street" index reveals that two-thirds of surveyed entrepreneurs expect revenue growth in the next 6 months, signaling positive momentum for the broader economy.
Why does GoDaddy Sees Small Business Optimism matter?
GoDaddy's survey encompassed over 1,200 micro and small business owners across the US. This "Small Street" index could provide a timely, sector-specific economic indicator. The index also highlighted that 78% of respondents feel confident about the future of their businesses. That confidence likely stems from adapting to the post-pandemic landscape. GoDaddy's initiative reflects a broader trend of companies leveraging proprietary data to generate insights. These insights are valuable for investors seeking granular economic forecasts.
