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Data Digest: Essential Stats for Business Owners

Eliminating or combining pages in your funnel can make your overall funnel convert ____% higher than having separate pages.

Check your answer at the end of the newsletter.

Business

U.S. Small-Business Confidence Rebounds Amidst Persistent Labor Shortages

The National Federation of Independent Business (NFIB) reported a notable rebound in small-business confidence in April, with its Small Business Optimism Index rising by 1.2 points to 89.7, following a slump in March to its lowest level in nearly a decade. However, despite the uptick, the index remains below the 50-year average, marking the 28th consecutive month of such performance. While there was a decline in the proportion of owners planning to raise prices, indicating some relief from inflation concerns, persistent labor shortages continue to exert pressure on costs.

Cost pressures remain the primary concern for small business owners, with a significant proportion raising compensation to attract and retain employees. The survey revealed that 40% of owners reported job openings they couldn't fill in April, underlining the ongoing challenges in the labor market. Economists are cautiously optimistic about a potential easing of inflationary pressures in the coming months as signs suggest a cooling in the labor market, with expectations of the Federal Reserve beginning its easing cycle possibly as early as September, though some predict a rate cut as soon as July.

10 Ways To Supplement Your Income

You’ve got just enough money in your bank account to last until Friday … but then Monday rolls around, and you’re in the same situation. Again.

Food. Bills. Rent. Gas. They dry up every bit of your take-home pay. 

But it doesn’t have to be this hard. With a few smart moves, you could supplement your income — without doing much extra “work,” or even getting a side job!

**Eliminating or combining pages in your funnel can make your overall funnel convert 24.9% higher than having separate pages**