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