U.S. privately-held companies growing, finances improving
Private companies continue to grow at a healthy pace and are experiencing strong profit margins, according to a report on privately-held businesses.
Private companies continue to grow at a healthy pace and are experiencing strong profit margins, according to a report on privately-held businesses.
With continuing uncertainty on the effects of ObamaCare and other tax and regulatory laws, many private businesses are not planning on increasing their staff sizes in 2013, according to a new Sageworks survey.
Private companies in the United States grew sales by approximately 9.7 percent in the period ended February 2013, about the same as in the period ended January 2013 and close to the 10.1 percent growth seen one year ago. The average private company had a 7.6 percent net profit margin in the period ended February 2013, compared to 4.6 percent a year earlier.
Sageworks CEO Brian Hamilton suggests a few steps for helping clients understand their financial situation: Through simply sitting down with clients and reviewing financial statements, you can build a bridge from the past to the future.