Lack of access to capital and the sequester may have a negative impact on many businesses bottom line. According to the Florida Chamber of Commerce’s Small Business Index Survey completed in December of 2012, more than forty four percent of small business owners are concerned about hiring and will hold off until they feel there is more economic certainty.
Digging down – what it reveals
Interestingly enough, more than one-half of business owners are concerned about new regulations and the impact they may have on their business. In addition to this gloom and doom, more than 80 percent of business owners indicated they had trouble securing financing for their business. This may not bode well for the future of many of these small business owners.
It’s not all bad news
The good news is there is some good news contained in this report. In fact, nearly two-thirds of small business owners are convinced that their business outlook will improve with the economy. Most expect the economy to show improvement over the next year and this correlates with their expectations of their ability to make sales.
Keeping costs down
In many cases, business owners are looking for ways to maximize their bottom line. In many cases, this may involve laying off workers, cutting back on non-essential services and working harder than ever to increase sales.
However, while cutting back on non-essential services may be a priority, we here at The Law Office of Brandon Woodward, P.A. encourage small businesses to spend their legal dollars wisely. A small investment in prevention can often avoid a major legal bills later. To that end, we offer small business owners access to top-quality business legal counsel, at reasonable and predictable rates. We won’t nickle and dime you to death with charges and we are up-front about estimates and expectations.
Contact us today and let us help you protect your business.