It was a mixed year for small businesses in Wisconsin. The group, Wisconsin Independent Businesses, says many of its members felt they were able to come out on top this year. Executive director Wayne Corey says it was an “ok” year for businesses in the state, but that's not a bad thing overall.
Corey says established companies and retailers in the state have been able to overcome many challenges, such as rising fuel prices and increasing healthcare costs. He says they've adapted to the changing global markets and remained profitable in 2007.
What about 2008? Corey says businesses must continue looking for ways to compete with lower priced goods from China and the state needs to help lower the cost of health insurance for employees. Corey also warns that the declining real estate market could cause problems down the road.