February 24, 2018  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Small Business News for Entrepreneurs

 

Small Business Finance News

 

SMBs Remain Optimistic About The Future

Written by Ken Gaebler
Published: 11/17/2009

MerchantCircle's latest survey reveals SMB owners expect to survive the recession.

Small business may be worried about the upcoming holidays, but a recent survey reveals they are not necessarily worried about the upcoming years. The latest results of MerchantCircle's Merchant Confidence Index may be good news for small business owners.

Entrepreneur Finance

In a survey of more than 12,000 small business owners, MerchantCircle found that 73.9 percent of merchants believe their businesses will survive the recession. Even as 23 percent of SMB owners say they believe that the worst of the recession is behind us, only 5.7 percent expect their businesses to fail.

Darren Waddell, vice president of MerchantCircle, was not surprised at the optimism of the merchants. "Although recent events on Wall Street have taken an economic toll on Main Street, small business owners are a resilient group," he said.

Still, SMBs seem to hold less hope for upcoming holiday sales. Six in 10 merchants say they do not expect an increase in sales revenues over the next 90 days. Moreover, 68.3 percent of respondents expect holiday sales to decline or remain relatively the same in 2009 versus 2008 - one of the grimmest holiday shopping seasons ever.

Regardless of sales in the coming season, SMB owners may be wise to maintain employee morale. A recent report by the Guardian Life Index suggests motivated employees are key in small businesses' ability to draw consumer spending.

Have Friends Who Might Like This Article?

Tweet via @gaeblerdotcom Share this on Twitter

Let them know on LinkedIn

Ready to Learn More? We Think You Might Like These Articles:

 


About Our Small Business News

If you liked this small business news article, you can find plenty more like it on our site. We cover important news stories for entrepreneurs. In addition to breaking news for entrepreneurs, we also have tons of how-to articles that cover topics like writing a business plan, preparing a marketing plan, getting publicity and much more.

 

 

Additional Resources for Entrepreneurs

Help for Native American Entrepreneurs

Resources for Gay Entrepreneurs

Businesses for Sale

Online Entrepreneur Tools

Economics

Lists of Small Business Incubators

Lists of Angel Investors