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Small Business Optimism At Five-Year Low

January 6, 2009 RSS Feed Print

...that's the conclusion of a Gallup poll of small-business owner attitudes at the end of 2008.

Highlights (or lowlights):

Revenues decreased throughout 2008 for 47 percent of the businesses polled, and increased for only 31 percent
Capital spending is down for 39 percent, up for 21 percent.
Just 11 percent have added jobs, and 27 percent have cut them.

Tags:: small business

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I recently apply for a loan with my 5 year history banker,
this is about a month and a half a go. In the beginning he was very possitive, he said it was no problem. I needed to wait 48 hrs. for a program that the government guaranties 85% of loan. Now he says that because my sales are down from other years he doesn't want to do anything. You are talking about revenues down and the bad economy. I wonder why bankers do not think that way!

Alejandra Elliott of CA 4:53PM January 14, 2009

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.

Small Business Optimism At Five-Year Low

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