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Survey: Most Small Businesses Expect Economic Recovery in 2010

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Mon Aug 03 2009

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HOUSTON--(BUSINESS WIRE)--More than 58 percent of small

business owners expect an economic turnaround in 2010, while 14

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percent anticipate a rebound by the end of 2009 and 14 percent think the

recovery will be in 2011 or later, according to the most recent Business

Confidence Survey released today by Administaff

(NYSE:ASF), a leading provider of human

resource services for small and medium-sized businesses.

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The economy was listed by 83 percent of business owners as their biggest

concern for 2009, followed by 53 percent citing government healthcare

reform, 44 percent listing controlling operating costs and 33 percent

specifying rising healthcare costs. However, for 2010 and later, concern

about the overall state of the economy fell to fourth place, at 36

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percent, when the largest number of survey participants expressed a 55

percent tie vote for being "very concerned" about both potential tax

increases and the effect of government expansion on business, and 50

percent listed the Federal deficit.

When respondents were asked about their pipeline for new business for

the balance of 2009, 41 percent responded that they expect a sales

increase, 35 percent predict it will stay the same, while only 15

percent anticipate decreasing sales and 9 percent weighed in as unsure.

In addition, 60 percent of owners and managers of small and medium-sized

businesses said that they are either meeting or exceeding their 2009

performance plans, with the remaining 40 percent reporting that they are

doing worse than expected.

"Throughout America's history, the entrepreneurial spirit has overcome

obstacles and capitalized on opportunities, and our current economic

setting is no exception," said Paul

J. Sarvadi, Administaff's chairman and chief executive officer.

"Small and medium-sized businesses are battling through the challenges

of the recession and appear to be preparing for a recovery in 2010."

Read the entire article.

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