Small Business Optimism Grows Despite Stagnant Hiring, Paycheck Size
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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.
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.