""Small businesses are the ones that have traditionally grown us out of every recession we've had."" Not this time.
9/6/11, "Small Businesses Are More Pessimistic Than Ever," Daily Ticker, Stacy Curtin
"The survey reflects the perspective of 35,000 of SurePayroll's small business customers, which all have 100 employees or less....
"By definition you do not start a small business unless you believe you can overcome tough odds, so to have this down in the 40s is about as low as it goes and is really as low as we've seen."
Two main issues are the root of the pessimism:
1) Small business owners can't grow their businesses due to a lack of demand.
2) And for those small businesses that do want to grow, they cannot find funding....
Herein lies the real concern. "Small businesses are the ones that have traditionally grown us out of every recession we've had," says (SurePayroll CEO) Alter. If this pessimism persists, it seems
- the country could be in this economic downturn for the foreseeable future."
They have to take a survey and dance around the maypole wondering what the mysterious root cause of all this could possibly be. ed.
via Instapundit
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