Despite the challenging hand small business owners and managers have been dealt by the pandemic, a majority said they were beginning to feel positive about their prospects at the year’s halfway mark.
Through a series of surveys conducted since 2012, financial management firm Principal Financial Group has been tracking the progress and perceptions of businesses with two to 10,000 employees. The latest survey, fielded in early to mid June, saw the vast majority of business leaders reporting their enterprises were stable or better, despite the economic fallout from the health crisis.
Businesses holding steady
When asked about the current state of their financials…
- 49% of respondents said their business was stable
- 41% said their business was growing
Only 8% said their business was declining, and 2% said they were struggling to stay afloat.
Looking just at small businesses (those with two to 499 employees)…
- 53% of respondents said their