SBA Poll: Are your small business profits up?

The Question:
Some surveys indicate that small business profits are up. What is your experience?

17% - We’re profitable and are seeing profits increase lately.

57% - We’re profitable but are not seeing any improvement.

14% - We’re not profitable, but we’ve started heading in that direction.

12% - We’re not profitable and it doesn’t look like we’re going to be soon.

My Comments:
As you can see, less than one-third of our sample said they were seeing an improved profit trend, while the rest of our respondents refuted the news. Small business profits have always been an elusive beast - almost mythological to many. I’m going to have more to say about this in my column in two weeks. Stay tuned.

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Listen to my latest interviews with Sam Norwood of Tatum, LLC. We discuss the latest Tatum Survey of Economic Business Conditions.

Tatum Survey: Cap Ex and borrowing are not growing

Tatum Survey: Sales and hiring are up

Tatum Survey: Business conditions are improving

Check out more of Jim’s great content HERE!

Take this week’s poll HERE!

Watch Jim’s videos HERE!

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