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Tuesday, June 11, 2013

Small Business Data Trends in 1Q13

Only 22% of small business owners plan to hire a new college graduate in the next 6 months, according to Capital One’s Spark Small Business Barometer, a quarterly survey of small businesses across the nation. 73% of female executives say they don’t plan to hire college graduates, while 81% of males say the same thing about their company.

The survey found financial optimism is on the rise. It creased 3.6% from last quarter and 45% of small businesses across the country are reporting that they believe their financial position will be better in six months.

Small Business Owners are feeling financially better off than a year ago. 35% of small businesses say their firm’s financial position is better than a year ago, compared with 18 % who report that their financial position is worse in Q2 2013 and 23% in 2012.

The report also shed positive light on growing optimism about local market economies. 64% of small businesses are optimistic about the economies where they do business. When the survey launched, in Q1 2009, more than seven in ten consumers felt business conditions in their area were only fair or poor.

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