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Survey finds few small businesses believe economy will return to pre-recession success


Though some small businesses have remained confident about a future economic recovery, according to a recent study, the number of small business owners who believe the American economy will return to its strong pre-recession state is falling.

Despite visible improvements to the stock market and other segments of the economy, a survey by American City Business Journals' companies, the Business Journals and, found that a mere 43 percent of 2,223 small business owners believe the economy will become a major world player again. This number is down from 64 percent three years ago, when signs of hope were less evident, the source says.

Additionally, only 32 percent believe that if the economy does make a comeback, it will be stronger than it was before the Great Recession. These numbers reflect a falling confidence of small business owners in the American economy and may lead them to prepare for the uncertainty of the future..

Though these predictions are not definite, small business owners may benefit from being prepared for economic changes which could potentially interrupt the flow of their work, making them unable to meet client deadlines or specifications of agreements. Having professional liability insurance may help businesses work through difficulties with clients brought about by a suffering economy.

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