Revenues Are Up for Small Businesses - Other News


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » Revenues Are Up for Small Businesses

Revenues Are Up for Small Businesses

Revenues Are Up for Small Businesses
The content is accurate at the time of publication and is subject to change.

With sales up and business conditions improving, small businesses are feeling good about the future, according to Capital One’s newest Small Business Growth Index, finding that 60% of small business owners (SBOs) believe that their current business environment is either good or excellent. And 37% are doing better financially than they were last year, which is up 6% from earlier in 2017.

That said they still report having issues to wrestle with over the coming year, including taxes (45%), managing cash flow (42%) and staying on point with technology (32%). “It is always encouraging to see a positive shift in small business sentiment, considering the great impact they have on our local and national economies,” said Celia Edwards Karam, head of small business bank at Capital One.

“At the same time, it’s clear business owners need better tools to help them address and manage challenges like cash flow and technology. We remain focused on understanding these challenges and delivering experiences designed to help businesses succeed and grow,” she said.

Sales and confidence are up

Sales have gone up for 47% of small businesses over the last six months, which represents a 10% upswing from earlier in 2017. And confidence is up as well when it comes to the economy, sales and their financial position going forward–hitting the highest point since 2012.

Yet while all this signals hopefulness, plans for hiring have not grown, with just 25% of small business saying that they will be hiring during the coming six months, which is down 2% from earlier in the year.

Have increases in minimum wage impacted their growth? The answer was no for 72% of small business owners.

Cash flow, tech and taxes

Cash flow along with tech is on the minds of small business owners, with cash flow concerns up 11% from the fall of 2016. Staying on track with new technology.

When it comes to keeping on track with technology the study saw a 7% spike in anxiety by small business owners when compared to the same time last year.

The relaxing of both federal and state regulation had a positive influence on growth. Yet for 37% of respondents, the Affordable Care Act (ACA) had an adverse impact on their growth. Taxes were also an issue for small business owners.

Capital One’s Fall 2017 Small Business Growth Index Survey was carried out between August 17 and September 7 by ORC International, a market research company. They interviewed 500 for-profit small businesses located in the U.S. These companies had revenues totaling less than $10 million per year.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

The James Beard Foundation & Capital One Partner Up
The James Beard Foundation & Capital One Partner Up

Posted: June 21, 2019

Capital One is now the official credit card of the James Beard Foundation, as well as their banking partner. This partnership means that cardholders will get access to exclusive events and benefits. What kind of events? That is an… Continue reading

The Savor Card from Capital One
The Savor Card from Capital One

Posted: October 19, 2017

People with the Savor card can also use contactless technology when checking out. This means that they can tap their cards at the register when they are using contactless-enabled credit card terminal. Continue reading

Credit Card Companies and Banks Set the Tone for Mobile Apps
Credit Card Companies and Banks Set the Tone for Mobile Apps

Posted: June 19, 2018

Credit card companies and Banks in the United States are setting the bar when it comes to mobile apps according to a new study from J.D. Power. It found that more people are using these apps and are happy with their design—and they are… Continue reading

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
The Citi Rewards+ Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap
For Excellent, Good Credit
Earn unlimited 1.5% cash rewards on all purchases.
For Good, Excellent Credit
See Rates & Fees
Perfect credit not required for approval; we may approve you when others won’t
For Fair/Bad Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!