Very few people question the important role that private companies play in contributing to the health and well-being of the nation. These businesses are responsible for more than 50% of GDP and 65% of new job creation so when they’re in good shape the nation is in good shape. The last 6 years have not been kind to small business but just maybe, things are getting better.
It is easy to get carried away in the current “feel good” economic climate, after all most of the media have been quite positive with their headlines. Even myself last year was highlighting all the positive news especially through my Tweets. One of the positive forward looking key performance indicators I was watching at that time was the Baltic Dry Index. This is an index of freight sent by sea.
In the mid 1970s an employee of Kodak demonstrated a prototype of a device that weighed 8 pounds and needed a suitcase to transport it. It was the world’s first digital camera. The photos were stored on a cassette tape, they took 21 seconds to scan and boasted quality of 0.01 megapixels – wow!