Reports on a survey that indicates small-businesses have a pessimistic view of the business economy ahead.
Small Business Quarterly Survey Shows Widespread Pessimism
Capital One Financial Corp. released the results of its quarterly survey known as the “Small Business Barometer.” The survey targets owners of companies with less than $10 million in revenue. Only 29 percent of respondents expect conditions to improve in 2013. Of the survey respondents, 69 percent indicated they have no plans to hire anyone during the next six months, a significant increase over the previous survey. Of those polled, 23 percent indicated that their businesses are financially worse-off compared to where they were a year ago; this is the highest percentage in two years. Only 14 percent plan to invest more in research and development, which is just as well considering that 11 percent think that access to financing is improving.
About Mike Periu
Mike is a seasoned executive with experience in small business finance and management. He is the founder of Proximo, LLC a leading provider of corporate, consumer and small business education and training services with an emphasis on finance and technology.
Mike Periu is also a leading national voice for individual empowerment through financial education and entrepreneurship. He has been interviewed over 500 times in national and international media, including NBC, Univision, CNN en español, Telemundo, HITN, TVE, RTE, SBS, MegaTV and others.
Mike writes regularly for American Express OpenForum, Yahoo! Finanzas and is a Huffington Post contributor.
Mike has degrees in Finance and International Business from Georgetown University. He is on the Board of Directors of the Council for Economic Education and was a Fellow at the Kauffman Foundation’s Labs for Enterprise Creation.