Startup Junkies

America's Startup Booster Rocket Since 2004

economy

How do small business owners feel about the economy?

Almost 70 percent of small business owners say their local economy is doing better now compared to just one year ago. Here are a few valuable takeaways to keep you “in the know”:

  • 67 percent of owners surveyed predict their overall business profits to increase.
  • 65 percent assessed their current experience as “easy” when it comes to retaining current employees.
  • 43 percent of owners indicated their intention to increase full-time hiring in the next year.
  • The No. 1 hiring challenge for small businesses is finding candidates with the necessary level of industry experience.

See graph:

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