• SHOP
  • SITES
  • NEWSLETTER
  • CEO HACKS
  • GLOBAL SEARCH
  • WEB SUPPORT
  • CONTACT
DMV CEO
  • DMV Area
    • All
    • Maryland
    • Virginia
    • Washington D.C.
    3 Entrepreneurs Reveal The Unique Side About Being an Entrepreneur in DC, Maryland & Virginia

    7 Entrepreneurs Reveal The Unique Side About Being an Entrepreneur in DC, Maryland & Virginia

    DMV Resources: Northern Virginia Chamber of Commerce (DMV CEO)

    DMV Resources: Northern Virginia Chamber of Commerce (DMV CEO)

    3 Entrepreneurs Reveal The Unique Side About Being an Entrepreneur in DC, Maryland & Virginia

    9 Entrepreneurs Reveal The Unique Side About Being an Entrepreneur in DC, Maryland & Virginia

    IAM802- Founder Supports Creatives Through Mentorship

    IAM802- Founder Supports Creatives Through Mentorship

    Local Business Owner Powers Northern Virginia Bridal Boutique with Love

    Local Business Owner Powers Northern Virginia Bridal Boutique with Love

    Ready to kickstart your career? Internship with Outstanding Entrepreneurs in the Washington DC Area

    Ready to kickstart your career? Internship with Outstanding Entrepreneurs in the Washington DC Area

    Entrepreneurs Connect in Washington DC for Program Supporting Women Business Owners

    Entrepreneurs Connect in Washington DC for Program Supporting Women Business Owners

    DC Bootcamp: Get Your Company Up & Running 

    DC Bootcamp: Get Your Company Up & Running 

    Sign Up

    Bark Tank Deadline Coming Up Soon

  • DMV CEO
    IAM1861 – Executive Life an Leadership Coach Helps Clients Make an Impact on the World

    IAM1861 – Executive Life an Leadership Coach Helps Clients Make an Impact on the World

    IAM1845 – Founder Helps Clients Build Relationships Through Social Media

    IAM1845 – Founder Helps Clients Build Relationships Through Social Media

    IAM1832 – Creative Director Helps Small Business Owners Turn Their Vision Idea Into a Design

    IAM1832 – Creative Director Helps Small Business Owners Turn Their Vision Idea Into a Design

    IAM1830 – CEO Helps Professionals Create Persuasive Pitches

    IAM1830 – CEO Helps Professionals Create Persuasive Pitches

    IAM1821 – Consultant and Trainer Helps Organizations Overcome Struggles, Clutter and Tediousness in Operations

    IAM1821 – Consultant and Trainer Helps Organizations Overcome Struggles, Clutter and Tediousness in Operations

    Sign Up

    IAM1815 – Founder Helps Prepare Students with His College Admissions and Mentorship Company

    IAM1810 – How This CEO & Founder of an Embroidery Company Starts Her Day with the Word

    IAM1810 – How This CEO & Founder of an Embroidery Company Starts Her Day with the Word

    IAM1784 – Emmy Award Winning Producer Helps Clients Get Their Story Out to the Public

    IAM1784 – Emmy Award Winning Producer Helps Clients Get Their Story Out to the Public

    IAM1779 – Founder Helps Brands with Marketing and Advertising

    IAM1779 – Founder Helps Brands with Marketing and Advertising

  • Podcasts
    IAM1861 – Executive Life an Leadership Coach Helps Clients Make an Impact on the World

    IAM1861 – Executive Life an Leadership Coach Helps Clients Make an Impact on the World

    Sign Up

    IAM1815 – Founder Helps Prepare Students with His College Admissions and Mentorship Company

    IAM1784 – Emmy Award Winning Producer Helps Clients Get Their Story Out to the Public

    IAM1784 – Emmy Award Winning Producer Helps Clients Get Their Story Out to the Public

    IAM1676 – Serial Entrepreneur Helps Women Discover and Plan for Their Life’s Purpose

    IAM1676 – Serial Entrepreneur Helps Women Discover and Plan for Their Life’s Purpose

    IAM1685 – CEO Promotes Personal Growth and Self Improvement

    IAM1685 – CEO Promotes Personal Growth and Self Improvement

    IAM1616 – Special Episode: COVID-19’s Impact on Small Business

    IAM1616 – Special Episode: COVID-19’s Impact on Small Business

    IAM1611 – Entrepreneur’s Business is Dedicated to Raising the Small Business Success Rate

    IAM1611 – Entrepreneur’s Business is Dedicated to Raising the Small Business Success Rate

    IAM1488 – Financial Expert Helps Organizations Get Control of Finances & Taxes

    IAM1488 – Financial Expert Helps Organizations Get Control of Finances & Taxes

    IAM1476 – What can we do to be more Scaleable?

    IAM1476 – What can we do to be more Scaleable?

  • Posts
  • Resources
  • List
  • MORE
    • START
    • DMV EVENTS
    • FAQ
    • NEWSLETTER
    • HACKS
    • ABOUT
    • SITES
    • GUEST POSTS
    • WEBSITE SUPPORT SERVICES
  • Community
    • FREE CBNation Buzz Newsletter
    • Premium CEO Hack Buzz Newsletter
No Result
View All Result
DMV CEO
  • DMV Area
    • All
    • Maryland
    • Virginia
    • Washington D.C.
    3 Entrepreneurs Reveal The Unique Side About Being an Entrepreneur in DC, Maryland & Virginia

    7 Entrepreneurs Reveal The Unique Side About Being an Entrepreneur in DC, Maryland & Virginia

    DMV Resources: Northern Virginia Chamber of Commerce (DMV CEO)

    DMV Resources: Northern Virginia Chamber of Commerce (DMV CEO)

    3 Entrepreneurs Reveal The Unique Side About Being an Entrepreneur in DC, Maryland & Virginia

    9 Entrepreneurs Reveal The Unique Side About Being an Entrepreneur in DC, Maryland & Virginia

    IAM802- Founder Supports Creatives Through Mentorship

    IAM802- Founder Supports Creatives Through Mentorship

    Local Business Owner Powers Northern Virginia Bridal Boutique with Love

    Local Business Owner Powers Northern Virginia Bridal Boutique with Love

    Ready to kickstart your career? Internship with Outstanding Entrepreneurs in the Washington DC Area

    Ready to kickstart your career? Internship with Outstanding Entrepreneurs in the Washington DC Area

    Entrepreneurs Connect in Washington DC for Program Supporting Women Business Owners

    Entrepreneurs Connect in Washington DC for Program Supporting Women Business Owners

    DC Bootcamp: Get Your Company Up & Running 

    DC Bootcamp: Get Your Company Up & Running 

    Sign Up

    Bark Tank Deadline Coming Up Soon

  • DMV CEO
    IAM1861 – Executive Life an Leadership Coach Helps Clients Make an Impact on the World

    IAM1861 – Executive Life an Leadership Coach Helps Clients Make an Impact on the World

    IAM1845 – Founder Helps Clients Build Relationships Through Social Media

    IAM1845 – Founder Helps Clients Build Relationships Through Social Media

    IAM1832 – Creative Director Helps Small Business Owners Turn Their Vision Idea Into a Design

    IAM1832 – Creative Director Helps Small Business Owners Turn Their Vision Idea Into a Design

    IAM1830 – CEO Helps Professionals Create Persuasive Pitches

    IAM1830 – CEO Helps Professionals Create Persuasive Pitches

    IAM1821 – Consultant and Trainer Helps Organizations Overcome Struggles, Clutter and Tediousness in Operations

    IAM1821 – Consultant and Trainer Helps Organizations Overcome Struggles, Clutter and Tediousness in Operations

    Sign Up

    IAM1815 – Founder Helps Prepare Students with His College Admissions and Mentorship Company

    IAM1810 – How This CEO & Founder of an Embroidery Company Starts Her Day with the Word

    IAM1810 – How This CEO & Founder of an Embroidery Company Starts Her Day with the Word

    IAM1784 – Emmy Award Winning Producer Helps Clients Get Their Story Out to the Public

    IAM1784 – Emmy Award Winning Producer Helps Clients Get Their Story Out to the Public

    IAM1779 – Founder Helps Brands with Marketing and Advertising

    IAM1779 – Founder Helps Brands with Marketing and Advertising

  • Podcasts
    IAM1861 – Executive Life an Leadership Coach Helps Clients Make an Impact on the World

    IAM1861 – Executive Life an Leadership Coach Helps Clients Make an Impact on the World

    Sign Up

    IAM1815 – Founder Helps Prepare Students with His College Admissions and Mentorship Company

    IAM1784 – Emmy Award Winning Producer Helps Clients Get Their Story Out to the Public

    IAM1784 – Emmy Award Winning Producer Helps Clients Get Their Story Out to the Public

    IAM1676 – Serial Entrepreneur Helps Women Discover and Plan for Their Life’s Purpose

    IAM1676 – Serial Entrepreneur Helps Women Discover and Plan for Their Life’s Purpose

    IAM1685 – CEO Promotes Personal Growth and Self Improvement

    IAM1685 – CEO Promotes Personal Growth and Self Improvement

    IAM1616 – Special Episode: COVID-19’s Impact on Small Business

    IAM1616 – Special Episode: COVID-19’s Impact on Small Business

    IAM1611 – Entrepreneur’s Business is Dedicated to Raising the Small Business Success Rate

    IAM1611 – Entrepreneur’s Business is Dedicated to Raising the Small Business Success Rate

    IAM1488 – Financial Expert Helps Organizations Get Control of Finances & Taxes

    IAM1488 – Financial Expert Helps Organizations Get Control of Finances & Taxes

    IAM1476 – What can we do to be more Scaleable?

    IAM1476 – What can we do to be more Scaleable?

  • Posts
  • Resources
  • List
  • MORE
    • START
    • DMV EVENTS
    • FAQ
    • NEWSLETTER
    • HACKS
    • ABOUT
    • SITES
    • GUEST POSTS
    • WEBSITE SUPPORT SERVICES
  • Community
    • FREE CBNation Buzz Newsletter
    • Premium CEO Hack Buzz Newsletter
No Result
View All Result
DMV CEO
No Result
View All Result

Small Business Owners Continue to Be Optimistic About 2013, Yet Concerns About the Economy Remain

in News
Reading Time: 2 mins read
Small Business Owners Continue to Be Optimistic About 2013, Yet Concerns About the Economy Remain

RelatedPosts

DMV CEO & Informed Entrepreneur Partner to Spotlight Local Entrepreneurs

Best of DMV – Friday, June 28th

Best of DMV – Wednesday, June 26th

Bank of America released the fall 2012 Small Business Owner Report, a semi-annual study exploring the concerns, aspirations and perspectives of small business owners across the country. The shows the state of business and entrepreneurship in Washington D.C. Check out the infographic here. Here are some of the findings:

  • The majority of Greater Washington’s small business owners are planning on sustaining or growing their business over the next 12 months.
  • Nearly one-third (32 percent) plan on hiring more employees, while 59 percent expect their staffing needs will remain consistent.
  • Almost two-thirds (63 percent) of the Washington, D.C., small business owners surveyed anticipate that revenue will increase in 2013, while only 6 percent expect revenue to decline.
  • Only 50 percent of Greater Washington small business owners confident that their local economy will improve over the next 12 months.
  • Respondents were even less confident in the national (39 percent) and global economies (27 percent) improving in that same period.
  • More than half (54 percent) reported that the majority of their customers come from the local community, compared to 32 percent who indicated that their customers come primarily from outside the local community but within the U.S. Only 4 percent indicated that the majority of their customers come from outside the U.S.
  • 72 percent of Greater Washington’s small business owners believe that the local economy plays a significant role in their business. Comparatively, 52 percent believe the national economy plays a significant role, and only 30 percent believe the global economy is significant to their business.
  • Ninety-two percent say that Black Friday has either a minor or no impact on their business’s bottom line, and 74 percent believe Cyber Monday is overhyped and has no significance to their bottom line.
  • When questioned about their relationship to larger businesses, less than one in five (16 percent) respondents views larger businesses as their biggest competitors. Seventy-six percent indicate they have larger businesses as customers, and 35 percent say that larger businesses motivate them to become better small business owners.
  • From a competitive perspective, Greater Washington small business owners cite a number of factors that they believe drive customers to choose them over larger businesses, including customer service (77 percent), quality and reliability/trust (both 66 percent). One in three (31 percent) believe customers choose them because they are local.
  • Sixty-five percent of respondents believe they have enough access to capital to run their business effectively, and only 12 percent said that they applied for a business loan over the past year. Despite their optimistic views for growth in the coming year, 76 percent do not intend to apply for a business loan in 2013.
  • Only 32 percent of Greater Washington small business owners describe themselves as “very savvy” regarding financial matters. When seeking advice, they tap into a broad network for help, including accountants/bookkeepers (67 percent), financial advisors (60 percent), their banker (46 percent) and friends/family (42 percent).
See also  Best of DMV - Wednesday, June 12th
Tags: bank of america
Previous Post

10 Thriving Startup Companies in the DMV

Next Post

[TheVOICE] DMV Roundup: Students, Charity, Hackathon & Optimism

Related Posts

News

DMV CEO & Informed Entrepreneur Partner to Spotlight Local Entrepreneurs

CEO Blog Nation is a community of blogs for entrepreneurs, startups and business owners. One of the blogs is DMV...

Events

Best of DMV – Friday, June 28th

From around the DMV (D.C., Maryland, Virginia) area comes the latest business news and announcements. Pedal Pops RVA sells homemade...

Events

Best of DMV – Wednesday, June 26th

From around the DMV (D.C., Maryland, Virginia) area comes the latest business news and announcements. A Central American-based chicken chain...

Answer

Best of DMV – Friday, June 21st

From around the DMV (D.C., Maryland, Virginia) area comes the latest business news and announcements. Triple Crossing leased space at...

Next Post

[TheVOICE] DMV Roundup: Students, Charity, Hackathon & Optimism

Why is the DMV a Great Place to be an Entrepreneur? [ANSWERS]

Why is the DMV a Great Place to be an Entrepreneur? [ANSWERS]

Comments 1

  1. Pingback: Entrepreneurs & Business Owners Engage in Healthy Discussion at Small Business Forum - DMV CEO

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join CBNation Buzz

Name(Required)
Email(Required)
This field is for validation purposes and should be left unchanged.

Welcome to CBNation Welcome to CBNation powered by Blue16 Media (Web Design & SEO). We are a B2B brand that is exists to help over 1M business owners succeed. Our philosophy and foundation is based on resources, visibility & connections (Visibility + Resources x Connections = Success). We are focused on being the #1 business resource for CEOs, entrepreneurs and business owners.

We hope you enjoy this site, and please let us know if we can be of any help!

Please note in the sake of transparency our sites do contain affiliate links that pay us a small commission at no extra cost to you. Read our Affiliate Disclaimer.
CBNation Library
CEO Hacks
I AM CEO Volume 3

RSS Our Latest CBNation Content:

  • IAM1871 – Fintech Founder Helps Entrepreneurs Access Competitive Financing Fast
  • 21 Entrepreneurs Share Views on Whether Leaders are Born or Made
  • IAM1870 – Coach Helps Leaders in Making Sustainable Changes in their Thinking, Behaviors and Actions
  • IAM1869 – Law Firm Founding Member Offers High Mission of Service to Clients
  • Monday Motivation: Discipline Yourself – BEST Motivational Video (ft. Eric Thomas)
  • IAM1868 – Author Helps Leaders Achieve Success as Individuals and in Teams

Our Sponsors

Subscribe

Join thousands of subscribers & be the first to get new freebies.

Name(Required)
Email(Required)
This field is for validation purposes and should be left unchanged.

What is CBNation?

We're like a Global Business Chamber but with content... LOTS OF IT

CBNation includes a library of blogs, podcasts, videos and more helping CEOs, entrepreneurs and business owners level up

CBNation is a community of niche sites for CEOs, entrepreneurs and business owners through blogs, podcasts and video content. Started in much the same way as most small businesses, CBNation captures the essence of entrepreneurship by allowing entrepreneurs and business owners to have a voice.

CBNation curates content and provides news, information, events and even startup business tips for entrepreneurs, startups and business owners to succeed.

+ Mission: Increasing the success rate of CEOs, entrepreneurs and business owners.

+ Vision: The media of choice for CEOs, entrepreneurs and business owners.

+ Philosophy: We love CEOs, entrepreneurs and business owners and everything we do is driven by that. We highlight, capture and support entrepreneurship and start-ups through our niche blog sites.

Visit CBNation

RSS Our Latest Content:

  • IAM1871 – Fintech Founder Helps Entrepreneurs Access Competitive Financing Fast
  • 21 Entrepreneurs Share Views on Whether Leaders are Born or Made
  • IAM1870 – Coach Helps Leaders in Making Sustainable Changes in their Thinking, Behaviors and Actions
  • IAM1869 – Law Firm Founding Member Offers High Mission of Service to Clients
  • Monday Motivation: Discipline Yourself – BEST Motivational Video (ft. Eric Thomas)
  • IAM1868 – Author Helps Leaders Achieve Success as Individuals and in Teams
  • Leader Works on Strategic Fundraising Communications
  • Attorney Runs Digital Agency Focused on the Legal Sector
  • 20 Entrepreneurs Reveal The Best Way to Learn Leadership
  • IAM1867 – Coach Helps Sales Marketers Create Repeatable Patterns of Success

©2023 CBNation | Powered by CEO Blog Nation & Blue16 Media | Terms of Service | Privacy Policy | Affiliate Disclaimer | Website Support Services

No Result
View All Result
  • DMV Area
  • DMV CEO
  • Podcasts
  • Posts
  • Resources
  • List
  • MORE
    • START
    • DMV EVENTS
    • FAQ
    • NEWSLETTER
    • HACKS
    • ABOUT
    • SITES
    • GUEST POSTS
    • WEBSITE SUPPORT SERVICES
  • Community
    • FREE CBNation Buzz Newsletter
    • Premium CEO Hack Buzz Newsletter
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
SettingsAccept
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
 Share This
 Facebook