American Express has released their annual poll of small business owners. Here are the highlights:
- 85% expect to grow -- this is a sharp increase from the last poll six months ago showing a dramatic increase in optimism
- 57% expect their revenues to exceed last year's and 35% expect revenues to remain steady -- that results in 92% expecting to as good or better than last year!
- 50% have cash flow concerns -- this is down from 62% a year ago. How will they address their cash flow management? 28% will use personal or private funds , 18% will put off purchases, 18% will use a line of credit.
- 66% plan to make capital investments in the next six months
