NEW YORK (2/6/14)--Small business owners have high hopes for 2014, according to a monthly survey released Wednesday.
A Newtek Business Services Inc. poll of 1,500 small business owners found that 62% "have an optimistic outlook" for this year, while 12% are pessimistic and 26% reported having neither positive nor negative forecasts.
The study also found that 30% of business owners are gearing up to add personnel, 62% don't plan on hiring or shedding workers from their payrolls, and 8% are planning to downsize staff.
Barry Sloane, president/CEO of Newtek's Small Business Authority, said that an improving recovery is beginning to encourage smaller entrepreneuers.
"We are glad to see this, as this is a precursor to small business economic growth," he said. "Without this confidence there isn't risk taking, and without risk taking you cannot obtain growth."
Newtek is a firm that offers businesses, including credit unions, services related to business lending, health and benefit insurance, merchant processing, payroll services, data storage and website issues. It has been a CUNA Strategic Services alliance provider since February 2003.