Access to capital is a concern … and an opportunity for accountants.
By CPA Trendlines Research
Despite a few challenges, small businesses are somewhat optimistic about their immediate future. According to the Bank of America’s “2023 Women & Minority Business Owner Spotlight,” 67 percent expect their revenue to increase over the next 12 months, and 46 percent plan to expand their business.
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This guarded optimism is in the face of several perceived problems. Only 34 percent think the national economy will improve in that timeframe, a number unchanged since last fall. A few more – 41 percent – see their local economy improving, though that number has dipped 2 percentage points since last fall.
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