Despite a prevailing view among small business that the economy is poor, a majority of professionals say their business is going well, according to a survey by Opinion Research Corp.
The survey found that 65 percent of small-business professionals rated their own business conditions as “good,” compared with 32 percent who rated them “poor.” But only 27 percent of small-business professionals rated the economy “good,” while 71 percent said the current economic conditions were “poor.” Half of respondents said they expect the economy to be good a year from now, BtoB reports.
3 Comments
An interesting disconnect – ‘my business is doing well but the economy is lousy’. I wonder if this is keeping businesses from investing and expanding. As a result, I wonder if a PERCEPTION of hard times ends up CREATING hard times.
The Economy is driven by the perception of the future and the circulation of cash.
I think most small business professionals think business conditions are good when they can make payroll week after week
Seriously, the economy is humming along quite nicely in some markets (i.e. Wichita) and really sputtering in others, like Arizona and California. I consider it more of a “bubble correction” than anything else out there.
Doesn’t the economy always “stink” in election years?