Show Me the Opportunities!

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Although they (meaning us!) would appreciate more support from government, small and medium-sized businesses (SMBs) may be the most optimistic group in America with regard to the economic recovery, according to a study released today at National Small Business Week. One out of four SMBs expects the turnaround to begin in late 2009.

The study, Understanding Growth Priorities of Small and Medium-Sized Businesses, was conducted by the Economist Intelligence Unit and sponsored by Verio Inc., the leading provider in delivering online business solutions to SMBs worldwide.

More about the study:

In April 2009 the Economist Intelligence Unit (news release here) conducted an online survey of 328 executives from small and medium-sized businesses worldwide to understand how they are approaching business strategy during the global recession. Of the respondents to our survey, 45 percent held CEO, president or managing director titles; 66 percent of all respondents held c-level titles. About 27 percent were directors, department heads and other managers. Worldwide, 29 percent work at companies based in North America, 29 percent in Asia-Pacific, 19 percent in Western Europe, 10 percent in Eastern Europe, 9 percent in the Middle East and Africa, and 5 percent in Latin America. Forty eight percent work at firms with less than $5M in annual revenues; 31 percent have revenues between $5M and $50M; 21 percent have revenues between $50M and $50M. Respondents represented a range of industries.

To receive a complimentary copy of Understanding Growth Priorities of SMBs, visit here (immediate download of briefing paper => Understanding Growth Priorities of SMBs free of charge [PDF 548 KB]).

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