US small businesses are optimistic about their business prospects, but are concerned about the economy and what the future will bring. So reveals the second release of Sage Business Index, an international business outlook survey by The Sage Group, a leading provider of business management software and services to small and midsized businesses worldwide. According to Sage Business Index, American business owners continue to be optimistic about the prospects for their businesses but are growing concerned about the country’s economy as a whole.
Sage Business Index found that, on a scale of 0-100, where 50 is neutral, values above 50 reflect optimism and those below 50 denote pessimism, business owners have a confidence index at 55, when asked about their business prospects in the next six months. Confidence in the US economy as a whole, however, was more negative at 41.57, a drop from 50.75 when the first Sage Business Index was conducted in February 2011.
Findings showed that confidence differences exist based on the size of the business and small businesses are the least confident about what the future holds.
These results are far from meaning that the small business community doesn’t trust the American business sphere. On the contrary, surveyed small businesses saw many favorable aspects in doing business in the US, particularly the American business culture and entrepreneurial spirit that characterizes its people, which 59 percent of respondents favored the most, followed by having a skilled workforce to recruit from (46 percent) and access to a strong domestic market (41 percent).