Small Business Owners Plan to Hire Featured

By Staff Writer May 03, 2019 285

Small business owners (SBOs) across the U.S. expect larger increases in revenue this year than in 2018, despite growing trepidation about the national economy and inflation, according to the 2019 Small Business Survey conducted by TD Bank.

SBOs show continued optimism about their businesses' prospects, with 54 percent anticipating revenue growth, compared with 52 percent who expected such gains in 2018.

Hiring also is on business owners' minds.

Twenty-three percent said they would increase staff this year, compared with 21 percent in 2018. To support and fuel growth plans, business owners are primarily focused on expanding product lines/services (46 percent) and expanding production (39 percent) in 2019, and 43 percent will seek credit.

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Last modified on Friday, 03 May 2019 13:31