The future of small business, even with concerns about a recession, remains bright for entrepreneurs.
In Capital One’s latest Small Business Growth Index (Fall 2019), 64% of business owners surveyed say that their current business conditions are good or excellent. Additionally, compared to six months ago, small business optimism increased five percentage points, and recession concerns decreased six percentage points.
Feeling slightly less concerned about a recession, however, doesn’t mean business owners exist in a recession-free bubble. If the economy entered a recession in the next six months, 85% of small business owners say it would impact their business. The impact, for 65% of business owners surveyed say they "would be more conservative with inventory and supply management." Regarding cash flow, while 61% say a recession "would negatively impact cash flow," 74% of business owners "feel prepared for a recession from a cash flow perspective."
WRITTEN BY: Forbes Magazine