More than half (55 percent) of entrepreneurs have an optimistic outlook on near-term business prospects, up 10 points from March 2009, according to the American Express OPEN Small Business Monitor, a semi-annual survey of business owners.
One quarter of the business owners report expanding opportunities for their businesses, up from 15 percent from a year ago. But six in 10 (63 percent) do not think the worst of the U.S. economic woes are over, and nearly one in six (17 percent) say they risk going out of business in the next six months because of the economy.
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Sep. 17, 2009 at 11:53am Entrepreneurs increasingly optimistic"We see two clear stories being told by business owners," said Susan Sobbott, president of American Express OPEN. "Many small businesses are seeing signs of improvement, yet other firms are still struggling to keep their enterprise afloat. "For the first time since 2007, the majority of small businesses are optimistic about the near-term future. However, some firms are dipping into cash reserves and personal assets to stem the tide of declining sales." Despite increasing hopefulness, most small business owners are not yet ready to resume hiring at any large scale. You can read the full details of these survey results here. Plenty more in the Archives The comments function of the Business Examiner community is meant to encourage conversations and spark ideas about business issues in the South Sound. The feature is free and open to members of the public who register basic log in information. Comments should be concise, on topic and avoid attacks, profanity or abusive language or content. Comments that are deemed to violate this policy will be removed. |
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