Economic Confidence, Revenues Surge for Small Businesses
Small business entrepreneurs are confident revenues for 2017 will top last year and that 2018 promises to be even better, according to the Fall 2017 Bank of America Business Advantage Small Business Owner Report (PDF).
In the semi-annual survey of 1,000 business owners, nearly three-quarters say 2017 year-end revenue will surpass last year’s figures. Similarly, economic confidence is strong heading into 2018 as nearly half of business owners expect their local economy and the national economy to improve.
- 71% of small business owners are optimistic that their 2017 year-end revenue will surpass 2016 business revenue
- 16% plan to hire more employees, 70% of which plan to hire full-time employees
For a complete, in-depth look at the insights of the nation’s small business owners, download the Fall 2017 Bank of America Business Advantage Small Business Owner Report here.