Wall Street hasn’t exactly been a font of optimism lately, and now Main Street is sharing in the economic gloom.
The National Small Business Association’s 2011 Mid-Year Economic Report, released Wednesday, shows that small-business owners
are losing confidence in an economic recovery.
The Washington, D.C.-based advocacy group conducted an online survey of 400 members in late June and early July. It also
produces a year-end report each December.
Nearly half of the small-business owners who responded said economic conditions are worse now than they were six months ago,
and almost as many don’t expect their ventures to grow in the next year.
An overwhelming 88 percent of small-business owners surveyed think the economy will stall or fall back into recession in
the coming year—the most pessimistic they’ve been since July 2009, during the throes of the economic meltdown.
Two-thirds of respondents cited economic uncertainty as the most significant challenge to their businesses. Other potential
pitfalls: a decline in consumer spending, health insurance costs, regulatory burdens and the national debt.
Despite the preponderance of gloom and doom, 64 percent of owners nevertheless are confident about the future of their businesses.
So what do you think: Are NSBA members being pessimistic or realistic? How do you expect your business to fare in the current
economic environment?
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Welcome to Small Biz Matters, where IBJ discusses issues of interest to small-business owners and entrepreneurs. I'm your host, Associate Editor Andrea Davis.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
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I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
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Pimlico
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While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
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You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.
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Sad thing is Obama isn't the problem, its the delusional people that elected him that are the problem
Americans need to make some tough decisions and find new ways to create revenue and cash flows just like any business would need to do. Any business person should know that you can not only slash spending/costs and expect prosperity, but that's exactly what the newest budget tries to do. Moreover it takes money away from the those who need it most.
So I think its people like you, Ads, who are the problem. Put whatever misguided political beliefs you have aside, look at the big picture and realize that we need to create a new long term business model for this country that is real and sustainable because what we have now is neither.