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 In past E-Bulletins, I have cited data as published by the National Small Business Association in their mid-year and year end surveys. Understandably, over the past couple of years, the survey participants have painted a rather bleak picture regarding their perception of the economic climate and prospects for their industry and their specific company. In the 2010 year end survey, while not reflecting exuberance, we see improvements that indicate progress, albeit at a less than desired pace.
This survey was comprised of 450 companies in every industry and in every state. Highlighted data would include:
- While discounting the likelihood of another recession, economic uncertainty ranks as the top concern
- 66% expressed confidence as to the future of their business (highest level since August 2008)
- New hires generally stagnant – compensation to current employees increasing
- 54% had an increase in revenues
- New advertising/marketing and Expanded Internet presence/E-Commerce ranked 1st and 2nd respectively as to future growth strategies
- 64% able to obtain adequate financing – 36% not (10 million businesses)
- Limited capital availability impacts business growth, reduced number of employees, unable to increase inventory, unable to finance increased sales
One can only hope that this forward momentum can be sustained and accelerated. To be sure, any number of events could stall or reverse this generally positive trend. While I have observed positive indicators within my client portfolio, I see the need for strategic alternative financing to be an ongoing need for the foreseeable future. If I can be of assistance with any of your clients and prospects as they move forward towards a brighter future, I would be happy to do so.
Note: Please view the video of my financing panel presentation at the NIU Graduate School (see sidebar, left).
Tom Stamborski
(847) 842.3300
tstamborski@liquidcapitalcorp.com
P.S. If you missed my previous e-bulletins, click here to view them. |
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As you know, in each edition of my E-Bulletin, I highlight a valuable service from a highly qualified professional. While all these services have value, I felt that the subject of identity theft, especially at the company level, was of such critical importance that I wanted to make a special effort to showcase the services of E. Haag & Associates and specifically with respect to FACTA (Fair & Accurate Credit Transaction Act) law compliance. Identity theft is a rampant and growing problem. Major data breaches have and continue to take place. Under FACTA, it is incumbent upon all businesses that collect or maintain personal information on employees and/or customers to safeguard that information. Ed Haag provides training and guidance to assist companies in properly complying with FACTA law. I urge you to review his 
