Tag Archive for 'Fourth Quarter'

POLL RESULTS: What are your prospects and customers indicating for the rest of the year?

The Question:
What are your prospects and customers indicating for the rest of the year?

25% - We’re getting good signals from our prospects and customers.

42% - We’re not seeing anything negative, but not great either.

25% - Customers are hanging in there, but prospects are thin.

8% - Indications so far are that the 4th quarter will not be good.

Jim’s Comments:
We’ve just received new GDP numbers which show such a poor economic performance for the third quarter that it has dragged the annual productivity of the first half of the year back down to about 2% growth year-to-date. So this week in our online poll, when we asked the question above about your experience with customers, your mostly tepid response - 75% said “not great” or worse - tracked pretty closely with the GDP trend.

President Obama inherited an economic can of worms that wasn’t of his making. But we’re now coming to the end of his seventh year in office, so there’s no question that his current ecomomic state, presiding over the worst economic recovery since the Great Depression, belongs to him. It’s not easy to hold back the energy, innovation and determination of America’s business sector, but the president’s anti-business agenda and policies have accomplished just that. My evidence is GDP languishing in the 2% range every year since 2009.

Consequently, just as I wrote prior to the 2012 election, that there wouldn’t be an economic expansion until we had a new president. I’m reprising that prediction again now. Unfortunately, don’t look for much in the way of economic expansion - meaning more than just marginal growth - until this president leaves office in 2017.

Thanks for playing along. Please participate in this week’s poll below.


SBA Poll: What does your fourth quarter look like?

The Question:

With one quarter left in 2013, how does the rest of the year look for your business?

18% - We’re expecting a great finish to an already great year.

24% - We’re projecting a strong finish to a fair year.

52%- We’re expecting the last quarter to be like the first three - just okay.

6% - If the last quarter isn’t better than the first three, we’re in trouble.

My Comments:
As you can see from our poll response this week, some small businesses are doing well. But alas, more than half are not. Over four years since the end of the Great Recession, this should not be the case. I’m going to have more to say about this in an upcoming Feature Article. Stay tuned and thanks for contributing.


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