NU Online News Service, Sept. 15, 2003, 1:47 p.m. EDT – Fifty-nine percent of small business owners surveyed say they expect their companies’ revenues to increase over the next 12 months, according to survey results released by Wells Fargo & Company, San Francisco.
When researchers from the Gallup Organization, Princeton, N.J., interviewed business owners for Wells Fargo earlier this year, they found that 44% reported an increase in revenue over the past 12 months and 35% reported a decrease.
Seventy-four percent of the owners surveyed predicted that their companies’ financial situations would improve in the coming year and 11% predicted that their situations would be worse.
Only 8% said they expected to reduce employment. Twenty-three percent expected to hire more employees.
Because the survey is the first of its kind that Gallup has conducted for Wells Fargo, Gallup could not compare the results with results from earlier surveys in the series.