Small Business Cash Flow Issues Continue to Intensify

Every month, Discover Financial Services publishes a Small Business Watch report on its Web site.  Here is a list of some of their Small Business Key Findings for the month of November:

  • 44% of small business owners have experienced cash flow issues over the last 90 days, up sharply from 38% in October. This is the category’s highest rating since April 2008, when the same number of business owners reported cash flow issues.
  • 33% of owners who sell business-to-business said they had cash flow issues in the last 90 days that caused them to hold off paying some bills
  • 51% plan to decrease spending on business development over the next six months, up significantly from 42% in October and a record high in this category
  • 65% of business owners view the economy as poor
  • 54% of business owners believe economic conditions for their business are worsening, and only 15% feel conditions for their business are improving
  • With the results from an election poll, business owners want President-Elect Barack Obama and Congress to make taxes a top priority, even though 64% said they are not confident that the federal government and Congress can address the needs of America’s small businesses

Q: Do you feel the results of this poll are in line with your own business?

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