Although the overall economy has been in recovery for more than 16 months, the small business sector hasn’t been included. Since the recession ended in the summer of 2009, measures of the health of small business have either stagnated or weakened.Consider first what small business owners think about the effect of the economy on their businesses. In July 2009, 29 percent of respondents to the Discover Card Small Business Watch said their business’s economic situation was improving. In October 2010, the figure was 28 percent.
Similar numbers can be seen from the twice-a-year American Express Open Survey of small business owners. In September 2010, 17 percent of those surveyed said that their business risked going under because of the economic climate, up from 11 percent in March 2009, shortly before the recovery began.
To read the full, original article click on this link: It’s Not a Recovery for Small Business
Author: Scott Shane
