BofA Survey: Majority of Small and Mid-Sized Business Owners Anticipate Revenue Growth This Year [Yahoo! Finance]
Bank of America Corporation (BAC)
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Source: Yahoo! Finance
CHARLOTTE, N.C. May 1, 2024 /PRNewswire/ -- A majority of small and mid-sized business owners expect their revenues to increase this year, and their worries over a recession have declined substantially, according to the 2024 Bank of America Business Owner Report , conducted in partnership with Bank of America Institute. While business owners remain mindful of the impacts of inflation and interest rates on their bottom lines, both concerns have lessened since Spring 2023. And despite some lingering uncertainties over the broader economy, business owners plan to expand their businesses in the year ahead. "Small business owners remain cautiously optimistic in 2024," said Sharon Miller , President and Co-Head of Business Banking at Bank of America . "With anticipated revenue increases, many are focused on engaging with customers and implementing new technologies that will help them differentiate their businesses." The 2024 Bank of America Business Owner Report includes input from mor
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