As 2012 is heading to a close, it’s valuable to pause and review how the current economy is doing, and how it has affected businesses throughout the United States. Here is a collection of some of the most recent data regarding the current economy and US businesses.
- About one quarter of business owners in the US claim to be better off than they were in 2007 before the recession began[1].
- 46% of business owners expect to see an increase in their sales in the next 6 months[2].
- Only around 38% of business owners expect to actually see a profit next year[3].
- Currently, two large corporations (Intel and FedEx) have both cut their
- The end of 2012 brings with it the potential expiration of tax cuts[4].
- Projections for 2013 include an economic growth of anywhere from 1.7% to 2%. This may not be the growth we might hope for, but it is at least growth[5].
- The unemployment rate next year is expected to hover around 8%[6].
- Somewhere around 23% of small businesses intend to hire next year[7].
So what does all that mean for us as we head into a new year? That nothing is certain, as you well know. These numbers aren’t necessarily what we might hope to see, and they don’t paint an ideal picture for business owners. But we can only continue doing the best we can, given the circumstances.
The good news is that for the financial side of your business, Alliance Commercial Credit Group can help you obtain working capital so you can continue growing. Our alternative financing methods are a way you can still get the funding you need despite what the economy does. Get in touch to find out how we can help you continue growing!
