Despite the impacts from inflation and continuing staffing struggles, small business owners and mid-market business owners remaining optimistic for a successful 2023, with both expecting an increase in revenue in 2023.
Despite the challenges that all small business owners face in today’s economic climate, it’s clear that the majority of owners are optimistic about what the future holds.
Demand for financing is down across the board among all size businesses. Financing for planned growth or expansion, including acquisitions not yet realized was down from 66 percent in Q2 2017 to 62 percent in Q3 2017.
Business executives are taking a more tempered view when it comes to expectations for profit, revenue and expansion in the coming year, according to the first quarter AICPA Economic Outlook Survey, which polls chief executive officers, chief financial off