Looking For the Pony

Looking for job? Selling a service? Here’s where I would go.

Posted in Uncategorized by Scott Davis on March 14, 2009

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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