New Reports Show Small Business Owners Are (Mostly) Positive About 2024 [Forbes]
Bank of America Corporation (BAC)
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Source: Forbes
Happy days are here again for small business owners—well, kind of. There's a lot of good news (mixed with some challenges) in several reports and surveys of the nation's small business owners. Small business economic outlook The just-released reveals that 65% of small business owners expect their revenues to grow this year, and 55% report they made more money in 2023 than in 2022—a positive trajectory. Over the next 12 months, small business owners also plan to expand their businesses (39%) and hire more employees (30%). Though these are positive numbers, they're slightly down from last spring's Small Business Owner Report (SBOR). While the small business owners surveyed were bullish on their own companies, they were a bit more cautious about the national economy, with only 33% expecting it to improve over the next 12 months. (Curiously, this is far less than the 75% of mid-sized business owners who think the national economy will improve in the next year.) And only 42% of smal
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