Main Street Monday — 67% of Main Street Expects Revenues to Grow

June 1, 2015

By Bob Coleman
Editor, Main Street Monday

More from the Bank of America Spring Main Street Report, Part III.

Nearly two-thirds (63 percent) of small business owners expect their revenue to increase in the next 12 months, compared with 68 percent a year ago.

One in three small business owners (31 percent) expect their revenue to stay the same in the next 12 months, up from 26 percent a year ago.

Baby Boomer small business owners are less optimistic about revenue growth than their younger counterparts, with only 51 percent of Boomers projecting growth compared with 70 percent of Gen-Xers and 72 percent of Millennials.

Small business owners continue to have a positive outlook on growth and the economy The national economy will improve over the next 12 months 61% 58% 30%

Despite struggles with the recent recession, two out of three small business owners plan to grow their business in the next five years, similar to sentiment in spring 2014.