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Small Business Optimism Rises Sharply – Hiring Plans Hold Steady OPEN Small Business Network 2003 Semi-Annual Monitor from American Express Three-Quarters of Business Owners Say They Can Improve to Become Better Bosses
Small business Optimism is on the Increase, According to the OPEN Small Business Network(SM) 2003 Semi-Annual Monitor from American Express.
Nearly three-quarters (72%) of small businesses now see growth opportunities for their businesses over the next six months, up sharply from 64% in the fall of 2002. In addition, 62% of businesses say they plan to make capital investments in the next six months (up from 56% a year ago), and fewer businesses are reporting cash flow concerns, 55%, down from 63% a year ago.
Despite heightened levels of optimism, businesses appear to be keeping their hiring plans in check. Overall, a third (34%) of small businesses report plans to hire over the next six months, up from 26% reported a year ago, but steady compared to spring 2003 (35%). The survey found that businesses plan to recruit equally for full and part-time positions (18% vs. 19%).
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