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C-Suite Wednesday — 81% of Main Street Optimistic, 49% to Increase Profits

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July 27, 2016

By Bob Coleman
Editor, C-Suite Wednesday

C-Suite Wednesday — 81% of Main Street Optimistic, 49% to Increase Profits


Says the second annual Bank of the West Small Business Growth Survey.

Here are some of the financial highlights:

  • Outlook for the next 12 months — 81% positive
  • Outlook on the economy for the next 12 months — 60% positive
  • Increase in profits the next 12 months — 49%
  • Increase in revenues the next 12 months — 49%

Small business owners planned investments in the next 12 months:

Capital Investments:

Operational Technology — 12%
Renovate Existing Facilities — 11%
Customer Facing Technology — 11%
Open New Locations — 10%
Machinery — 9%
Acquisition — 4%

Business Operations Investments

New product/services — 27%
Marketing — 27%
Hire New Staff — 26%
Expand into New Markets — 15%
Investment in Partnerships/Alliances — 8%
Expand Sales Internationally — 7%

Access the Survey Here

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