Small-business owners show cautious optimism about 2013

Posted: Monday, December 10, 2012 12:00 am | Updated: 2:58 am, Tue Jan 15, 2013.

(BPT) - There’s no doubt that small businesses are a driving force in the American economy. And because they feel the shifts in the economy so acutely, the insight of small business owners can provide a real-time picture of what’s going well and where potential problems lie. The semi-annual Bank of America Small Business Owner Report explores the concerns, aspirations and perspectives of small business owners across the country; revealing messages of both optimism and caution.

Hopes are high among small business owners for a profitable 2013 – more than half of those surveyed said they anticipate their revenue will increase in the next year. And most small business owners also feel they are currently in a good position in regards to capital, with 70 percent saying they have what they need to run their businesses effectively.