Monday, May 18, 2009

Show Me the Opportunities!

Although they (meaning us!) would appreciate more support from government, small and medium-sized businesses (SMBs) may be the most optimistic group in America with regard to the economic recovery, according to a study released today at National Small Business Week. One out of four SMBs expects the turnaround to begin in late 2009.

The study, Understanding Growth Priorities of Small and Medium-Sized Businesses, was conducted by the Economist Intelligence Unit and sponsored by Verio Inc., the leading provider in delivering online business solutions to SMBs worldwide.

More about the study:
In April 2009 the Economist Intelligence Unit (news release here) conducted an online survey of 328 executives from small and medium-sized businesses worldwide to understand how they are approaching business strategy during the global recession. Of the respondents to our survey, 45 percent held CEO, president or managing director titles; 66 percent of all respondents held c-level titles. About 27 percent were directors, department heads and other managers. Worldwide, 29 percent work at companies based in North America, 29 percent in Asia-Pacific, 19 percent in Western Europe, 10 percent in Eastern Europe, 9 percent in the Middle East and Africa, and 5 percent in Latin America. Forty eight percent work at firms with less than $5M in annual revenues; 31 percent have revenues between $5M and $50M; 21 percent have revenues between $50M and $50M. Respondents represented a range of industries.
To receive a complimentary copy of Understanding Growth Priorities of SMBs, visit here (immediate download of briefing paper => Understanding Growth Priorities of SMBs free of charge [PDF 548 KB]).

To learn more about the above news, go here or here.

1 comment:

Matt Powers said...

I think it's perfectly reasonable for small-business owners to be optimistic, because it doesn't take heaps of restructuring, or billions of dollars to correct an issue, which is what many of the TNCs are going through. We're a bit more nimble, and can use that our advantage.

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