Small Business Optimism Grows Despite Stagnant Hiring, Paycheck Size

Small Business Optimism Grows Despite Stagnant Hiring, Paycheck Size

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
Senior Entrepreneurship Writer at CNBC
2 min read

Small-business owners are optimistic about the next quarter, even while still mired in sluggish economic conditions, according to a new survey by payroll-processing firm SurePayroll.

More than half of the 5,000 micro-business owners, or those with an average of eight employees, surveyed for the June Small-Business Scorecard expect the third quarter of 2013 to surpass their expectations. At the same time, more than half of survey respondents plan to invest in their companies in July, August or September, primarily in the areas of marketing, technology or recruiting new staff, according to the report.

Almost three-in-four survey respondents report being optimistic about the future, up from just 45 percent in September last year, the survey finds.

Related: Small-Business Owners: Working Harder, But Optimistic

Meanwhile, small-business hiring and the average paycheck of employees and contractors each fell 0.1 percent in June from May, the report says. 

“Right now, we’re seeing two stories in the small-business economy: one for today, another for tomorrow,” says Michael Alter, the chief executive and president of SurePayroll, in a statement. “Today things continue to be flat to slightly down, without much movement on the hiring front. However, there has been a steady trend of high optimism among small-business owners for tomorrow.”

SurePayroll is owned by Rochester, N.Y.-based payroll processing firm Paychex

Related: U.S. Small Businesses Expect Improved Sales Prospects (Infographic)
 

More from Entrepreneur
Our Franchise Advisors will guide you through the entire franchising process, for FREE!
  1. Book a one-on-one session with a Franchise Advisor
  2. Take a survey about your needs & goals
  3. Find your ideal franchise
  4. Learn about that franchise
  5. Meet the franchisor
  6. Receive the best business resources
Discover the franchise that’s right for you by answering some quick questions about
  • Which industry you’re interested in
  • Why you want to buy a franchise
  • What your financial needs are
  • Where you’re located
  • And more
Whether you want to learn something new, be more productive, or make more money, the Entrepreneur Store has something for everyone:
  • Software
  • Gadgets
  • Online Courses
  • Travel Essentials
  • Housewares
  • Fitness & Health Devices
  • And More

Latest on Entrepreneur