An economic indicator I find valuable is the National Federation of Independent Business Small Business Optimism Index. This index checks the pulse of small business owners.
The 50-year average score for this optimism index has been 98. Last month, the index fell to 88.5, the lowest level since 2012. The primary concern listed in the survey by these entrepreneurs is inflation.
Inflation can challenge anyone’s stewardship responsibilities. Navigating rising prices and wages, coupled with the needs of employees, requires leadership and wisdom.
1 Peter 4:10 teaches, “As each has received a gift, use it to serve one another, as good stewards of God’s varied grace.”
Small business leaders may have to make some tough decisions soon. May God lead these leaders to make decisions with God’s grace and wisdom.
