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Small business owners in San Francisco confident in the local economy


According to a recent Bank of America survey, small business owners in San Francisco are believed to be the most confident in the nation, and more than 57 percent expect an increase in revenue over the upcoming year.

San Franciscan small business owners also feel good about the turnaround of their local economy. Fifty-two percent of small business owners in the area expect the local economy to turn around throughout 2012, while only 42 percent feel the same way about the national economy.

"The report reveals a streak of optimism and slightly greater confidence among San Francisco small business owners when compared to the rest of the nation, but a number of economic factors continue to present challenges," said Martin Richards, market president of San Francisco for Bank of America. "Yet, despite the immense pressures they face and sacrifices they make, San Francisco small business owners remain confident about their future."

While the small business environment in San Francisco may seem promising, it is still important to stay protected in case a disaster strikes - something that has unfortunately occurred in the City by the Bay a number of times. Having small business insurance in place is one way business owners can ensure their businesses are covered.

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