There seems to be some good news on the horizon according to the recent Small Business Watch report from Discover. According to the survey, small business confidence in cash flow issues edged up just a tad. Here are some of the highlights.
- 42 percent of small business owners say they have experienced temporary cash flow issues in the past 90 days, down from May’s record high of 49 percent.
- 26 percent believe economic conditions are improving, up from 23 percent in May, while 57 percent believe conditions are getting worse, which is unchanged from the previous month; 14 percent said the economy is staying the same, and 4 percent weren’t sure.
- 59 percent of small business operators rate the economy as poor, down 1 percent from May, while 8 percent rate the economy as excellent or good, and 30 percent called it fair.
- 49 percent of owners see economic conditions for their businesses getting worse, up 1 percentage point from May; 25 percent see conditions improving, also up 1 percentage point; 22 percent say conditions are the same; and 4 percent weren’t sure.
- 51 percent of small business owners say they plan to decrease spending on business development over the next six months, down from 53 percent in May; 22 percent plan to increase spending, and 24 percent are not planning any spending changes.
How about you? Has your confidence level increased? Please leave a comment.
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