10 Oct '11, 3pm

[U.S.] 38-Percent of Small Business Owners Believe We’re Still In Recession

Based on how their businesses are performing, more than one-third of small business owners (38-percent) believe we are still in recession, according to a recently released American Express OPEN® Small Business Monitor report, a semi-annual survey now in its tenth year. Although the figure has dipped from last year (44-percent), small business pessimism still persists. In addition, 27-percent of small businesses say they do not plan to grow in the next six months (up from 21-percent in the spring) and just 77-percent describe themselves as glass-half-full optimists (down from 85-percent a year ago). Yet despite concerns over the economy and waning optimism, there are signs small businesses are in a better position to move into growth mode when things improve: Cash flow is more under control: Concern has dropped from 66-percent during spring to 55-percent; More small busines...

Full article: http://www.youngupstarts.com/2011/10/10/u-s-38-percent-of...

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