Great news coming out of a Citibank small business survey. The bank asked 188 small businesses in the Miami area and found that 55% of small businesses were optimistic that 2011 would be better for their business than 2010. 30% believed that this year would be the same as last, while a few small businesses believed that 2011 would be worse (15%).
This is great news because if small business feels comfortable with the economic outlook, then they will take additional risks, increase inventory and (hopefully) hire more employees. This, in turn, will be what turns our economy around, particularly in South Florida, which has been hit harder than most cities during this economic collapse.
Small businesses were primarily concerned with the cost of raw materials and high taxes. Hopefully the government is paying attention to the small business person’s concerns, and be willing to work with them to lower taxes.
Read the full article here.