ATD Blog
Mon Aug 03 2009
HOUSTON--(BUSINESS WIRE)--More than 58 percent of small
business owners expect an economic turnaround in 2010, while 14
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.
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
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."
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