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