With San Francisco small business week drawing to a close Friday, we have some news and views for the “heroes of our economy” (as lauded by the event’s organizers) to chew over.
First off, they’re a relatively cheery lot. “San Francisco small business owners are more confident in their local economy than any other market surveyed,” according to a Bank of America survey released Thursday.
They also have more faith in the local economy – 52 percent believe it will continue to improve – than they do in the national economy, about which only 42 percent feel good.
Now, a bare majority of optimists is not much to write home about, and while they see revenue increasing over the next 12 months, only one-quarter of those surveyed said they plan to hire more staff. Sizable majorities cited health care costs, availability of credit and consumer spending as their chief concerns.
On matters relating to their own health, running a small business was cited as “the most stressful aspect of their life” (39 percent), compared with raising children (11 percent) or maintaining a good relationship with one’s spouse or domestic partner (10 percent). “Keeping physically fit” was one of the nonwork activities to have fallen by the wayside.
The survey of 300 small business owners “across the San Francisco market,” in this case
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