PR Newswire
87% of Mid-Sized Business Owners and 65% of Small Business Owners Expect Revenue Increases Over Next 12 Months
CHARLOTTE, N.C., May 1, 2024 /PRNewswire/ -- A majority of small and mid-sized business owners expect their revenues to increase this year, and their worries over a recession have declined substantially, according to the 2024 Bank of America Business Owner Report, conducted in partnership with Bank of America Institute. While business owners remain mindful of the impacts of inflation and interest rates on their bottom lines, both concerns have lessened since Spring 2023. And despite some lingering uncertainties over the broader economy, business owners plan to expand their businesses in the year ahead.
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