Risky Business

Small-Business Owners: 2.4 Years For Recovery

December 9, 2008 RSS Feed Print

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An SMB Insights survey of 1,700 owners of businesses with one to 499 employees finds that on average, they think it is going to take 2.4 years for the U.S. economy to recover.

Other highlights:

Thirty-seven percent expect their business prospects will worsen.
Forty-five percent are very concerned with energy prices, down from 77 percent in June.
Sixty-two percent blame subprime lenders and bankers for the economic crisis.

Tags:: small business

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I bet most of the respondents have no idea what the "recovery" they hope for might actually look like. Back to loose lending to folks who cannot possibly make the payments on house + cars + credit cards for stuff + charged medical services + student loans?
Back to a WWII-style war effort? What?

of 10:27AM December 09, 2008

Risky Business

Matt Bandyk, a reporter for U.S. News, explores capitalism from where it all begins, with the entrepreneur, whose risk taking and experimentation provide the roots from which the rest of the economy grows. As much courage as it takes to create one's own business, even the entrepreneur needs some help, and this blog will look at news, trends, and practical advice for starting and running a small business.