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A Survey from Union Bank Finds that Entrepreneurs Are Optimistic about the Future of Their Companies, Yet Are Pessimistic about the Economy


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(OPEN):
RECENTLY, UNION BANK SURVEYED HUNDREDS OF SMALL BUSINESSES, THROUGHOUT THE NATION, ABOUT THEIR VIEWS ON THE OVERALL ECONOMY--AND ON THEIR OWN BUSINESS-SITUATION:  48-PERCENT OF THE RESPONDENTS FEEL THAT THE CLIMATE FOR THEIR SMALL BUSINESS HAS WORSENED, IN THE PAST TWO YEARS--WHILE AN EQUAL NUMBER ANTICIPATE AN IMPROVED CLIMATE, IN THE NEXT TWO YEARS.  UNION BANK EXECUTIVE VICE-PRESIDENT, TODD HOLLANDER, HAS MORE FROM THE BANK'S "NATIONAL SMALL BUSINESS ECONOMIC SURVEY"...

(HOLLANDER):
"AMONG THE INDUSTRIES THAT WE SURVEYED, 91-PERCENT IN THE CONSTRUCTION- AND ENGINEERING-FIELDS BELIEVE THAT THE NATIONAL ECONOMY IS HEADED IN THE WRONG DIRECTION.  HOWEVER, THOSE IN THE PERSONAL-SERVICES SECTOR WERE [THE] MOST-OPTIMISTIC ABOUT THE FUTURE--WITH 55-PERCENT EXPECTING THE OVERALL CLIMATE FOR THEIR BUSINESSES TO IMPROVE 'SOMEWHAT' OR 'GREATLY', IN THE NEXT TWO YEARS.  IN ADDITION, 84-PERCENT OF ALL RESPONDENTS PLAN TO MAINTAIN THE SAME LEVEL OF STAFFING THIS YEAR--AND 57-PERCENT PLAN TO MAINTAIN THE SAME AMOUNT OF CAPITAL-EXPENDITURES.  THESE RESULTS DEMONSTRATE BOTH THE STRENGTH AND [THE] RESOLVE OF THOSE AT THE HELM OF SMALL BUSINESSES, ACROSS THE NATION--WHO, DESPITE A LACK OF CONFIDENCE IN THE DIRECTION OF THE OVERALL ECONOMY, ARE CONFIDENT IN THEIR OWN ABILITY TO CHART A POSITIVE-COURSE FOR THEIR BUSINESS.  THESE ENTREPRENEURS HAVE BECOME EXPERTS AT NAVIGATING THROUGH CHALLENGING ECONOMIC-TIMES--AND IT MAKES SENSE THAT THEY'RE MOVING FORWARD WITH CAUTIOUS OPTIMISM.
"

(CLOSE):
FOR MORE ABOUT THE "NATIONAL SMALL BUSINESS ECONOMIC SURVEY", VISIT "UNION-BANK"-DOT-COM.



Copyright 2012 North American Network, Inc.

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