Wells Fargo’s quarterly survey of small business owners found that the outlook for Main Street isn’t particularly positive for the next 12 months. The Wells Fargo/Gallup Small Business Index reflects business owners’ concerns about their financial outlook for revenue and cash flow by asking small business owners about six areas: financial situation, cash flow, revenue, capital spending, hiring, and credit availability.
The highlights—perhaps ‘lowlights’ is more accurate—of the survey include:
The number of small business owners expecting to be in a good financial position over the next 12 months is down 7%.
The number of those owners expecting to increase sales in the next 12 months is down 6%.
The number of small business owners describing their financial situation as somewhat or very poor…