Small businesses are feeling confident about the future with 70% rating the health of their business as good or very good, according to recent research conducted by YouGov.
This reveals that the positivity exists among small businesses despite the tough operating environment. Business owners are displaying hard work and creativity, which is being rewarded with reduced concerns around revenue compared to April 2022.
As a result, eight out of 10 small business owners are expecting increased or stable revenue over the next 12 months. One of the ways small businesses are thriving is by investing in future growth, with one in four business owners planning to access funds to achieve their future business goals over the next 12 months.
Prospa co-founder and chief revenue officer, Beau Bertoli said, “It’s incredible to see the grit of small business owners, who are proactively taking action to ensure their business is thriving within the current environment. The insights from this research clearly show that their determination has been effective in keeping businesses healthy and profitable.
“There’s also no doubt that access to fast, flexible funding is playing a key role. We’ve observed how our products and solutions are allowing small business owners to smooth out irregularities in their cash flow, or fund growth opportunities.”