American Express has released their annual poll of small business owners. Here are the highlights:
– 85% expect to grow — this is a sharp increase from the last poll six months ago showing a dramatic increase in optimism
– 57% expect their revenues to exceed last year’s and 35% expect revenues to remain steady — that results in 92% expecting to as good or better than last year!
– 50% have cash flow concerns — this is down from 62% a year ago. How will they address their cash flow management? 28% will use personal or private funds , 18% will put off purchases, 18% will use a line of credit.
– 66% plan to make capital investments in the next six months
(via National Dialogue on Entrepreneurship)
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