American Express Survey Reveals Skeptical Outlooks

The American Express OPEN Fall 2011 Small-Business Monitor has been released and the responses illustrate small business owners’ still anxious outlook on the economy’s future.

About 38% of the 814 small business owners surveyed said the recession is still happening and 69% anticipate a double-dip recession.  Only 31% of respondents reported that they plan on increasing the number of individuals they employ in the next six months.

“What I see is that a lot of business owners are still in a holding pattern,” says Alice Bredin, a small-business adviser to American Express OPEN.

In this uncertain economy small business owners are still wary of the future.  Despite some signs the economy is recovering many owners are doubtful that we are out of the recession and as a result do not plan to increase their employee count soon.

Advertisements

About BizTV

BizTV is the home for your business. Whether you're an entrepreneur, small business owner or just managing your family's assets, BizTV can help. Find the resources you need to manage your money, start your latest venture or grow your business. BizTV, It’s Your Biz!

Posted on October 10, 2011, in Uncategorized. Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: