Small-Business Execs Are 'Content but Cautious'

By Maggie O'Neill

"Content but cautious" sums up the sentiment expressed in the "Small Business Forecast 2014," released by Bank of America and the CFI Group. Small-business owners and managers report both job satisfaction and business risk, according to the study, which is based on 990 phone survey responses taken from July 11 to August 15, 2014. "The survey results suggest that small-business owners and managers are feeling good about the state of their businesses, but are still waiting to see what happens with the economy, health care and other factors before they make further investments in new staff and capital," said Rodger Park, director of customer analytics for CFI Group. "They expect their revenues to grow in the near term but appear to be looking to take on new business with the resources they have in hand." Respondents saw health care costs as a top risk to small businesses; other risks causing concerns included the strength of the U.S. dollar, taxes and consumer spending.

This article was originally published on 2014-10-23