Inc.com reports on a survey of small business owners:
“(S)mall businesses reported doing well and expressed confidence that the second half of 2004 will be even better, according to a new survey.
“Nearly 70 percent of small businesses surveyed by International Profit Associates, Inc., a small business consulting firm, said they met or exceeded their expectations in the first half. Looking to the second half, 88 percent forecasted that they’ll meet or beat their projections.
“Despite confidence about the future, businesses are still planning on keeping spending under control. More than half of those polled indicated that they will maintain their current level of capital spending, while 15 percent said they would reduce spending from their original budgets. A little more than 30 percent said they intend to raise capital spending.”
Since entrepreneurs are the source of most of the current economic growth, this is indeed good news.
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