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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
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Small business owners less optimistic according to recent Wells Fargo survey

Posted by RJ and Makay on Apr 29, 2011

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A Wells Fargo/Gallup Small Business Index survey, conducted April 4-8, revealed declining optimism among small business owners for Q1, 2011. The Index score fell 12 points from Q4, 2010 to a level of 0, indicating that as a group, small business owners are neutral, neither optimistic or pessimistic or about their companies’ profitability going forward.

Approximately one-third of survey respondents reported concerns about the availability of credit, and fewer business owners showed confidence in their financial situation, revenues and cash flow over the next 12 months.