Economic Confidence Among Small Businesses
Wherever your small business might be located these figures should be interesting.
Discover Small Business Watch conducts a monthly survey of a 1,000 small businesses in the United States that employ five or fewer people. A comparison of their October and September figures is interesting.
Business confidence among those surveyed has dropped considerably in those two months but cash flow has actually improved. In September 46% of those small businesses that were surveyed reported cash flow problems but in October that figure had dropped to 42%.
In September 40% of those surveyed thought economic conditions were improving but by October that figure had dropped to 35%.
Only 32% of small businesses surveyed considered the overall United States economy as excellent or good in October - a drop of 7% from the previous month.
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