Bank of America is proud to present the 2025 Business Owner Report, an annual study that captures the viewpoints, goals and concerns of small and mid-sized business owners across the U.S.
This year’s report reveals a cautiously optimistic mindset among business owners, with 74% expecting revenue increases, nearly 60% planning to expand and 43% planning to hire in the coming year.
Approximately half of these business owners believe that local, national and global economies will improve over the next year. Although many noted their confidence would improve if tariff policies were stabilized, inflation cooled, interest rates were lower and supply chains were more efficient.
“Business owners are approaching the coming year with confidence and a clear focus on growth,” said Sharon Miller, President of Business Banking at Bank of America. “Many plan to retain their current staff and hire more, and anticipate that local, national and global economies will improve.”
The 2025 report also gauged entrepreneurs’ outlooks on the second half of the 2020s, finding an appetite for growth and innovation. Nearly all business owners plan to adopt more digital tools and AI over the next five years, using them to accept more forms of digital payments, make daily tasks more efficient for employees and increase cybersecurity measures.
Bank of America is a trusted partner and knowledgeable resource providing business owners of all sizes with the information, tools and technology necessary for their long-term growth and success.
Download the report
Learn about the viewpoints, goals and concerns facing small and mid-sized business owners nationwide.
