Despite concerns about the economy, regulations and cybersecurity, most small and midsized businesses (SMBs) have a positive business outlook and expect increased revenue in 2022. Our just-fielded SMB Pulse survey of principals of U.S. companies with up to 500 employees reveals that close to 60% expect increased revenues this year compared to 2021. Detail by company size reveals that larger companies expect the biggest revenue bump.
We also asked respondents to rate their overall business outlook on a scale of 1 (very low/pessimistic) to 100 (very high/optimistic) and SMBs on average placed themselves at 65. Respondents rated their outlook across key business dimensions as well.
Despite optimism, businesses have concerns. Respondents used a sliding scale to convey their mindset and business size impacts their overall sense of business wellbeing.
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