Despite the uncertainty of the U.S. presidential election and the holiday shopping season, most small business owners are optimistic about their companies’ prospects, according to the inaugural 2016 Fall/Winter Chase Business Leaders Outlook report released this week.
“About two-thirds of the nearly 900 small business owners surveyed said they are optimistic about their business over the next 12 months, and 55% felt the same way about their industry,” reads the provided report summary.
However, only 49% were optimistic about their local economy and 42% about the national economy. Both of those have dropped in each of the past two surveys.
Hispanic business owners appear to be even more optimistic, with 87% expecting revenue and sales to rise and 81% expect profits to rise in the next 12 months, the report authors tell us.
“Most small business owners are still bullish about their own growth, just as they were in our spring survey,” said Laura Miller, president of U.S. Small Business for Chase Commerce Solutions. “With the holidays approaching, most predict increases in online sales, and almost half predict their customers will spend more this year.”