MITECHNEWS.COM Staff writer
Consumer sentiment surged in October, reaching its highest level since the start of 2004, according to the University of Michigan Surveys of Consumers.
This was only the second time that the Sentiment Index was above 100.0 since the end of the record 1990s expansion. The October gain was due to the most favorable assessments of the financial situation of consumers since 2000, said U-M economist Richard Curtin, director of the surveys.
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Consumer Optimism Surges In January Amid Partisanship – Highest Level In Last 12 Years
By Mike Brennan: Founder of Michigan News Network, and serves as CEO, as well as Editor & Publisher of MITECHNEWS.COM.
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In Inc. Magazine
By Tim Chaves, founder and CEO of ZipBooks.
As founder of an accounting software startup, I’ve raised over $2 million in venture capital funding to get my company off the ground. And that’s not unique: If you’re selling goods, you need inventory; if you’re selling software, you have to build it. But doing that costs money — there’s usually some period of losses long before you begin to see profits. Someone has to be willing to take those losses, but who would be willing to throw money at a project that’s intentionally losing money?
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