Friday, January 23, 2015

The Outlook for Really Small Small Businesses

We hear a lot about the concerns of small-business owners, but Gallup has taken that a step further with a new survey of microbusiness owners - defined as people who own businesses with one to five employees. And they are increasingly positive about the stability of their businesses.

At the end of 2013, some 24 percent of the microbusiness owners surveyed said they expected their income to drop in the coming year. Now that number is down to 12 percent. Meanwhile, 35 percent of them expect their personal income to increase in 2015.

More than half of the respondents, 60 percent, say they expect their business' sales and revenues to grow this year. Nearly half, or 44 percent, agreed with the statement, "I am confident in the future of my company." It looks like optimism is the watchword for this little corner of the economy.

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