C-Suite Wednesday — 61% of Main Street Faced Financial Challenges in 2016
April 26, 2017
By Bob Coleman
Editor, C-Suite Wednesday
C-Suite Wednesday — 61% of Main Street Faced Financial Challenges in 2016
More cool stats from the Federal Reserve Banks’ 2016 Small Business Credit Survey.
Financial Challenges
61% of Main Street faced financial challenges in 2016.
The Solution?
Debt loads
Small Business Expectations
Anticipated Revenue Change in 2017
Will Increase — 71%
No Change — 19%
Will Decrease — 10%
Anticipated Employment Change in 2017
Will Increase — 46%
No Change — 47%
Will Decrease — 7%
A growing small businesses is defined with three elements; increased revenues, increased employees and a plan to increase or maintain the number of employees. The Fed says 29% of America’s small businesses are “growing.”