Tuesday, March 29, 2005

Report of Interest: OPEN Small Business Network Monitor (3/29/05)

In OPEN Small Business

Small business optimism has risen sharply, according to the OPEN Small Business Network(SM) 2005 Semi-Annual Monitor from American Express.

Eighty-five percent of small businesses report seeing growth opportunities for their companies over the next six months, up significantly from 72% in the spring of 2004 and 56% in the spring of 2003.

Here's what else the report states:

"Women entrepreneurs face unique challenges to starting and growing their companies," said Sobbott. "For example, our findings show that women respondents are more likely to report cash flow concerns. So they're turning to a variety of sounding boards for strategic guidance. Mentors, as well as networking organizations (Laurel here ... WPO is one!), serve as powerful resources who are helping women find the right answers."

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