Sunday, April 27, 2014

Top Priority for Entrepreneurs? Maintain Current Sources of Revenue.

According to the American Express OPEN Small Business Monitor, entrepreneurs remain confident about business prospects, but their top priority continues to be maintaining current sources of revenue.
Cash flow concerns have fallen to pre-recession levels (49%, matching fall 2007 and down from a high of 66% in spring 2011).  In addition, fewer business owners say they are “stressed-out” by the economy (56%, down from a high of 70% in spring 2011) and more feel confident in their ability to access the capital needed to grow their businesses (72%, the highest figure since the question was first asked in 2002).
Regardless of the economic climate, entrepreneurs' growth plans are still in the cards.

Read more:  More Entrepreneurs Are on Track to Save for the Retirement They Want

Read the press release (4/24/14):  Small Business Cash Flow Concerns Drop to Pre-recession Levels, According to the Spring American Express OPEN Small Business Monitor

Photo courtesy:  Flickr

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