Small business owners feel optimistic about the next 12 months, according to a new survey commissioned by Capital One. The Small Business Barometer reports that most company owners, while reluctant to hire additional workers, remain hopeful that their 2011 earnings will outpace those of 2010. Another 35 percent of survey respondents told researchers they expected their revenues to remain about the same, leaving just 9 percent of respondents worried about falling sales in the next year.
Cash flow and credit problems continue to dwindle for the small businesses included in Capital One's national survey. Three out of four respondents told researchers that they have access to essential financing, with half of respondents revealing that they planned to utilize small business credit cards and other traditional forms of commercial lending. Only 17 percent of respondents said they anticipated a major financing challenge in the first six months of 2011.
Capital One's survey highlighted a fast-growing venue for small business sales: e-commerce. Nearly one out of three respondents (29 percent) already have a website capable of accepting payments for products and services online. A quarter of those businesses reported earning 25 percent or more of their revenue through their websites.