Many small business owners are planning to hire new employees – and many feel they are better positioned for growth.
The American Express Small Business Monitor Survey found that 26 percent of small businesses are planning to hire during the next six months with 10 percent saying the new employees will be full-time workers. Of the owners who said they were planning to hire, more than 75 percent cited business growth as the reason.
- 39 percent believe sales will be higher in the next six months than in the same period last year.
- 61 percent of businesses with hiring plans also intend to make capital investments in the near future.
- Cash flow has improved for 50 percent of businesses.
- Four in ten businesses are using social media and 27 percent are using Facebook.