We are pleased to share the spring 2013 Bank of America Small Business Owner Report, a semi-annual study that uncovers the concerns, aspirations and perspectives of small business owners across the country. This study examines a variety of leading issues for small business owners, including the personal health and wellness, revenue and growth expectations, preparedness for the unexpected and access to capital.
Small business owners are not only focused on improving the financial health of their company, they are also focused on their own personal health and their employees’ wellness. Nearly nine in 10 of those surveyed report taking some steps to improve employee health and wellness. When thinking about the next 12 months, they are optimistic regarding their revenue and hiring expectations but remain concerned about the health of the overall economy. In addition, Millennial (18-to-34-years-old) small business owners are the most optimistic across all age groups regarding what the future holds for the economy and their business
At Bank of America, we know that small business owners are an essential element of our national and local economies. We are committed to offering the personal connection and local expertise of our bankers who are dedicated to the success of both small businesses and their communities.