Not unexpectedly, small business confidence has declined sharply over the past year. However, the confidence of most types of small businesses surveyed either held steady or showed a small increase between October/November 2008 and April 2009 - even as the average Recent Performance Index declined by nearly six points.
With details on these trends and more, the recently released "Washington Minority Small Business Survey" from University of Washington Foster School of Business professor William D. Bradford (Endowed Professor of Business and Economic Development, Professor of Finance) details the situation and outlook of 420 small business with between one and 100 employees.
The report presents survey results from small business owners dealing with the current economic situation, including an examination of the Small Business Confidence Index, the Recent Performance Index and the factors affecting it, access to credit, and employment numbers.
To read the entire report, visit the website of the University of Washington Foster School of Business.
Wednesday, August 12, 2009
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