Multiple Polls Show Improvement In Small Business Sector
Written by Ken Gaebler
Recent reports indicate that economic uncertainty continues to haunt the small business community.
Uncertainty about the economy remains the most pressing concern for small business owners, according to a recent Capital One Bank survey.
The survey, conducted in March by Princeton-based Braun Research on behalf of Capital One, interviewed a random sample of 1,903 businesses that generate less than $10 million annually in revenue.
The poll found that 85 percent of owners said they were able to get the financing they need to keep their businesses afloat, a 15 percent year-over-year increase. Plus, only 14 percent of respondents reported having cash-flow issues, and 43 percent believe that their firms are in a better financial position today than they were one year ago.
Optimism in the small business sector may be a precursor to new hires. A recent Citibank survey found that the number of businesses that planned to hire new workers grew to 19 percent in April, up 5 percent from the beginning of 2011.
In addition, a Challenger, Gray and Christmas poll conducted in March notes that small business employers planned to cut 5 percent fewer jobs than they did one year ago.
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