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Small business outlook: continued confidence in the future of the U.S. economy.(Communique)
Small business owners maintain a positive outlook for business growth despite an uneven economic recovery, heightened govt. regulation and slower-than-expected business spending, according to CIT's 2004 Small Business Outlook, a nationwide survey conducted jointly by CIT Group Inc. and Business Week Research Services. Acutely aware of the dangers that come with rapid expansion, responses showed that most business owners were taking a more measured approach to growing their business. Small companies are focused on business basics, such as hiring, managing healthcare, investing in new technologies and financing their growth.
The survey, which focuses on how small companies view the process of growing their businesses, identified three areas of confidence: near future revenues; the return on investment (ROD; and steady increases in technology spending.
* 28 percent of respondents expect sales to increase between 10-20% in 2004, compared to 25 percent in the April survey
* 79 percent of respondents consider the current climate a good time to invest in their businesses, slightly lower than the 85 percent ...
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