Small business owners are feeling good right now. According to the latest Vistage Small Business CEO Confidence report, 79% of U.S. small business CEOs expect increased revenues next year, up from 61% at the start of 2024. The study credits this jump in optimism to a number of factors, the November election results being the most important.

Historically speaking, this latest jump in small business CEO confidence is pretty significant. The 36% year-over-year increase in the confidence index, currently at 109.5, is the largest since the report started back in June 2012. Optimism about the future of the U.S. economy improved by 130% year-over-year, also the largest gain in the survey’s history. The 79% of respondents who expect increased revenue over the next year is the highest number since August 2021, respectively.