Small Businesses in the Valley Surpassing National Trends - Valley News Live - KVLY/KXJB - Fargo/Grand Forks

Small Businesses in the Valley Surpassing National Trends

Posted: Updated:

Small business owners nationwide are growing more pessimistic about the economy. 

Economists say owners are "in maintanence mode", leaving little room for hiring and spending with an uncertain future.

In September, the number of business owners planning to create new jobs fell, while the number who plan to reduce their payrolls rose. Economists say this is due to an uncertain economy and uncertainty over the outcome of the presidential election.

But this is not the case for all areas. In the Valley, things are optimistic for owners.

Maria Bosak, owner of Eco Chic in South Fargo, knows that starting a business is not the easiest thing to do. She says, "Like any new business, the first couple years you spend time just getting people to know that you're even here."

Her success though, surpasses the national trend. "From the first year into the second year, we've seen a hundred percent growth in all areas of the store," says Bosak.

She has new staff, new products and more advertising throughout her three years in business.

She says this area has been a big part of her growing business, explaining, "People pay more attention to their bank accounts and what they're spending it on a little more, just conservative."

"The amount of growth that we've had and how quickly it has happened, I have a hard time believing that if you were to go into some of the southern states that you would see the same amount of growth from a brand new business," says Bosak.

Although there were a few start-up pains, she says she is confident Eco Chic will continue to grow so she will continue to be among small business owners that do not fall into the negative headlines.

There were a couple of bright spots in September's national report. The number of owners who believe now is a good time to expand their companies and think business conditions will improve in coming months rose slightly.

Powered by WorldNow
Powered by 

WorldNowAll content © Copyright 2000 - 2014 WorldNow and Valley News Live. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.