A survey released Nov. 11 by Administaff found that despite "improving indicators within their own businesses," almost half of small business owners don’t expect the economy to rebound until the end of next year.
Forty-seven percent of small business owners said they expect the economy to turn around in the last six months of 2011, and 21% say it'll happen in the first six months.
Furthermore, the economy is the top short-term concern for 77% of respondents, and 66% said it was a top long-term concern. Other short-term concerns include health care reform (56%), rising health care costs (54%), and controlling operating costs (37%). Taxes are the top long-term issue, with 69% of owners saying potential tax increases were their leading concern. Sixty-seven percent of owners said increased government's affect on business was their top concern, and 65% cited the federal deficit and the total national debt.