November 7, 2017, 9:00 am EST
Small Businesses on Track to Beat Revenues as Confidence in the Economy Surges, According to Bank of America Survey
The core of the U.S. small business sector is solid, with many entrepreneurs expressing confidence that they will generate higher year-end revenues compared to 2016, and that the 2018 economy will improve. According to the fall 2017 Bank of America Business Advantage Small Business Owner Report, a semi-annual survey of 1,000 business owners across the country, nearly three-quarters of entrepreneurs are optimistic their 2017 year-end revenue will surpass 2016 revenue. Confidence in the economy also surged as nearly half of business owners expect their local economy and the national economy to improve in the year ahead (up 11 percentage points and 15 percentage points, respectively, from fall 2016).
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