Hello, as you may or may not know, this weekly Great Idea is actually delivered in such a format that you can comment and we can have a discussion. I’m interested to know what you think 2011 will bring. So, to start our discussion, please read the recent information I found in Lawn and Landscape magazine.
Business owners cautious of future
A quarterly survey by Citigroup found that 85 percent of small-business owners are worried about a double-dip recession. If any solace can be found in that number, it is that 75 percent polled said they are very or somewhat prepared for another downturn, an indication of small-business owners’ ability to adapt to the challenges presented during the recent recession.
The results of the most recent survey mirrored the ones from previous quarters, with 76 percent of small-business owners rating the current business climate as fair or poor.
However, optimism continues to rise with an increasing percentage of owners calling current conditions fair. Of those polled, 28 percent said their business was better off today than last year and 42 percent expect business to improve in 12 months. A growing number of owners up 5 percent to 45 percent say they expect conditions to remain the same in the next year.
(Source: Lawn & Landscape magazine, November 2010 issue)
So, what do you think? Are you thinking things will be better this year for you? Worse? Or about the same?
Also, if you and/or your business need a little injection of energy and ideas, then by all means come see me and my incredible group of teachers at GROW! 2011 in warm and sunny Dayton, Ohio (we hope!) Feb 10-12.