Many Small Business Owners Are Still ‘Optimistic’: Survey

A new survey from web site internet hosting firm GoDaddy discovered that entrepreneurs are nonetheless optimistic in regards to the economic system, regardless of new pressures from tariffs.

Based on the brand new report, half of microbusiness homeowners surveyed mentioned that they predict a “weaker economic system within the subsequent six months,” however 66% of respondents nonetheless have “optimistic income expectations.”

Solely 9% of the two,100 enterprise homeowners surveyed forecasted a gross sales decline.

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“Small enterprise homeowners imagine in themselves,” mentioned GoDaddy CEO Aman Bhutani, in a press release. “GoDaddy’s analysis exhibits they continue to be intent on pushing their small companies ahead.”

Microbusinesses are outlined within the report as “small companies that usually make use of fewer than 10 staff.”

The report additionally discovered that entrepreneurs are altering their long-term objectives to adapt to the present local weather. About 40% of respondents mentioned they anticipate to stay “solo entrepreneurs” (up from 36% final yr) fairly than begin hiring and develop an even bigger enterprise.

“Entrepreneurs are planning for what’s forward,” Bhutani added. “They’re navigating these instances by staying targeted and decided. At GoDaddy, our job is to verify they’ve the instruments they should succeed.”

For the total report, click here.

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