Looking for job? Selling a service? Here’s where I would go.
I saw this referenced in the Houston Business Journal, but the University of Maryland and Network Solutions have developed a small business index and their most recent survey of businesses indicated:
- Small businesses are succeeding:
- 69% of small businesses made a profit in 2008
- 7% of small businesses report that they broke even
- Of those who showed a profit in 2008, 69% said it was equal to or better than 2007
- 70% of small businesses expect to be in business in 5 years; of these, 66% expect to be bigger in size
- Small businesses remain optimistic:
- 23% of small businesses believe the economy will improve in 2009
- 26% of small businesses believe it will remain unchanged in 2009
- 48% of small businesses expect a decline in 2009
- Small business owners are still investing in their companies:
- 25% plan to increase their overall business spending
- 42% plan to spend the same
- 23% plan to increase spending on professional development of employees
- 26% plan to increase their internet marketing budgets, including online advertising and website development
The survey was a nationwide phone survey of 1,000 small business conducted between Dec 2008 and Jan 2009. The full results can be found here. The website also has a lot of videos and other resources for small business.
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