A Gallup poll published on July 29, 2011 finds that small business optimism is nearly non-existent due to growing recession fears. The data suggests that any small business confidence in present financial conditions has been eroded by concerns over future revenues and recessionary pressures.
According to Gallup, small-business owners’ future expectations for their operating environment show significant declines in their revenue, cash-flow, capital-spending, and hiring expectations for the next 12 months. Forty-two percent expect it to be “somewhat” or “very difficult” to obtain credit — no improvement from April and January. One in five (22%) small-business owners expect their companies’ financial situations a year from now to be “somewhat” or “very bad.”
Find the full Gallup report here: Gallup Poll Finds Little Confidence Among Small Business