Small Businesses Worry About Recession Featured

By Staff Writer April 04, 2019 674

Two-thirds of small business owners say recent fluctuations in the stock market have not changed their business outlook, according to Capital One's latest Small Business Growth Index.

This is a biannual survey of 500 small business owners gauging sentiment related to the economy, business conditions and plans for growth. At the same time, nearly half of SBOs are concerned that a recession could impact the overall success of their company in the next year.

Twenty-nine percent of SBOs plan to hire in the next 6 months, down from 33 percent in fall 2018. Sixty-six percent of these new hires will be full-time employees.

Of SBOs who do not plan to hire, 29 percent say they would like to but are nervous to take on the added expense due to economic conditions, while 28 percent say they cannot find the right talent, and 24 percent say they don't have the financial resources to do so.

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Last modified on Friday, 05 April 2019 02:39