Paul King, Founder of ROI Insight drops by the MBN studio for a discussion with Chris Holman regarding the latest Michigan Future Business Index and its results which were released Thursday December 13th at the Lansing area stop of the Michigan Economic Forecast Series.
The MFBI is underwritten by Accident Fund Insurance Company of America, conducted by ROI Insight of Grosse Pointe, MI, and presented by Michigan Business Network.
Segment 1 goes into a review of the why, and history, while segment 2 dives deep into the specific results coming out of the opinion of nearly 500 small businesses across Michigan who were surveyed in November 2018, about their current perceptions, and expectations for the next six months. To hear Paul and Chris's conversation click play on the PodCasts shared below.
More than eight-in-ten (84 percent) of respondents are satisfied with the overall economy and 78 percent believe Michigan is a good or excellent market for their business.
On the flip side, the survey pointed to less optimism for continued increases in 2019 sales and profits, and a concern that new tariffs have and will continue to produce a negative impact on their business.
“Despite the challenges, the reasons for optimism are clear: business is growing and jobs are relatively abundant,” said Mike Seling, vice president of Business Development and Regional Operations, Accident Fund Insurance Company of America. “We continue to see a very strong business environment throughout the state and Accident Fund is poised to have another good year in 2019.”
“I have witnessed first-hand the optimism and concerns of business owners in Michigan,” said Chris Holman, CEO of the Michigan Business Network. “The MFBI helps us amplify the voice of small business in Michigan and provide data to guide decisions of business advocacy organizations and policymakers, setting an agenda to help Michigan business prosper.”
Review a detailed summary of the Winter 2018 Michigan Future Business Index at at AccidentFund.com or MichiganBusinessNetwork.com. (third tab over on top labeled MFBI Survey: https://www.michiganbusinessnetwork.com/michigan-future-business-index-1)
About the Survey
The semi-annual Michigan Future Business Index has been commissioned by Accident Fund Insurance Company of America and the Michigan Business Network since 2006 and is conducted by the Michigan-based market research firm, ROI Insight. A total of 468 Michigan business executives from companies with 500 or fewer employees were interviewed throughout November 2018 via phone and web for the Winter 2018 survey.
About Accident Fund Insurance Company of America
Accident Fund Insurance Company of America is a member of AF Group. Insurance policies may be issued by any of the following companies within the AF Group: Accident Fund Insurance Company of America, Accident Fund National Insurance Company, Accident Fund General Insurance Company, United Wisconsin Insurance Company, Third Coast Insurance Company or CompWest Insurance Company.
For the latest Michigan Future Business Index pdf report, find it on the home page http://www.michiganbusinessnetwork.com/michigan-future-business-index-1
MFBI Drawing Winners
Treetops Resort Package Winner:
StraightLine Group Troy, MI
Capital Region International Airport Package Winner:
Infinite Creative Services, Inc. Bridgeman, MI