83% Of Small Business Owners Report Optimism For 2021
New Sentiment Survey Shows Reboot is Underway; Majority Expect Improvements in Growth, Hiring and Technology
A new sentiment survey of small and medium-sized business (“SMB”) owners describes their outlook for 2021 as optimistic despite the significant impact of COVID-19 on business performance throughout 2020. The report, authored by GGV Capital and Hello Alice, also suggests that business owners expect an uptick in hiring, technology purchases, and overall growth.
There are 30 million SMBs in the U.S., employing 60 percent of Americans and representing 40 percent of U.S. GDP. According to the data, 64 percent of 4,100 SMB owners surveyed said their business performance was worse in 2020 than in 2019, and 45 percent were forced to lay off employees. Also, businesses owned by women, people of color, and U.S. veterans have been impacted disproportionately by the pandemic and other challenges of 2020.
Recommended AI News: Tenstorrent Achieves Best-In-Class Ppa And First-Pass Silicon Success For Datacenter AI Processor Soc With Invecas Advanced Asic Engineering Capabilities
In contrast, the sentiment for 2021 reflects the resilience of small business owners to find new ways to reach customers, leverage technology to accelerate growth, and adapt operations to survive and thrive, resulting in significant optimism for next year.
- 83% believe their business will perform better in 2021 than in 2020 (4,106 owners).
- 93% plan to hire in 2021 compared to 45% that laid-off employees in 2020 (4,111 owners).
- 75% intend to spend more on technology in 2021 than in 2020 (784 owners).
- 75% called on the government for assistance in the form of emergency grants, long-term grants, and rent relief (97,341 owners) even though only 52% (of 4,134 owners surveyed) applied for l**** from the Paycheck Protection Program due to the program’s lack of access and focus on SMBs.
GGV Capital’s SMBTech Index, also launched today, underscores these findings and suggests a similarly positive outlook and strength in small business development. The Index, now 22 publicly traded companies that provide the technology that powers small businesses, has grown from approximately $15 billion in public market value in 2010 to $200 billion in 2018 and $566 billion today.
Recommended AI News: Extreme First To Offer Bluetooth And BLE Intrusion Prevention And Wi-Fi Security Within A Single Wireless Intrusion Prevention System
“The U.S. economy is in the first inning of a massive reboot after the Covid-19 pandemic, and small business owners are leading the way. They are spotting opportunities, starting new companies, and embracing technology as a way to adapt and build enduring businesses,” said Jeff Richards, Managing Partner, GGV Capital.
“In a year of tragedy impacting human life and small businesses, entrepreneurs continue to hold an optimistic mindset,” said Elizabeth Gore, Co-Founder and President of Hello Alice. “This data will ensure all business owners get the resources they need to survive this year, but most of all, it will show a thread of optimism in the stories that help illuminate the tremendous diversity and value found among this country’s entrepreneurs.”
Recommended AI News: Digitalware Launches Industry’s First Risk Hunting Platform
Howdy! I understand this is sort of off-topic but I needed
to ask. Does operating a well-established website such as yours take a large amount of work?
I’m completely new to writing a blog however I do write in my diary
everyday. I’d like to start a blog so I can easily share my own experience and views
online. Please let me know if you have any suggestions or tips for new aspiring blog
owners. Appreciate it!
Metal waste sorting center Ferrous scrap market trends Iron recovery plants
Ferrous scrap recycling, Iron recycling and restoration center, Metal salvage and reclamation
Copper scrap Industrial copper disposal Scrap metal recuperation
Cable stripping machines, Metal waste management services, Copper scrap audits
ven y disfruta de un momento agradable free live s** cams en tu tiempo libre
Pillole di farmaci a buon mercato online sandoz Casalecchio di Reno médicaments de
qualité en vente en ligne au Luxembourg
medicijnen kopen in Amsterdam AAA-Pharma San Onofre Medikamente zu erschwinglichem Preis in Österreich
achat de médicaments en ligne sécurisé Nihon Brigue-Glis
medicijnen zonder voorschrift in Zwitserland
medicijnen kopen in Brussel Inopha Mouscron Online-Kauf von Medikamenten in Europa
medicijnen kopen tegen de beste prijs Schering Monserrato médicaments sans prescription :
où trouver des conseils médicaux ?
médicaments sans ordonnance prix élevé Ebewe Waalre ¿dónde comprar
medicamentos sin receta?
ordenar medicamentos Galpharm San Andrés Precios económicos de tabletas
отзывы о перун в тамбове ленина 100 ижевск запись на
прием к венерологу автозапчасти уаз нижнекамск
олимпиада сочи заявка где оформить налоговый вычет
в костроме сайт сусанин хаус кострома меню
Sicherer Online-Verkauf von Medikamenten sandoz Stans Können Medikamente ohne Rezept in Spanien erhalten werden?
славянские оберег древо жизни хвост фей большие магические игры собирать деньги во сне с земли, получать деньги во сне от
мужчины
тест какой я камень uquiz лошадь
воск гадание, гадание на воске шахматный конь
acquisto legale di farmaci in Italia Medicus Valladolid è possibile ottenere il farmaci senza ricetta
Verschreibungspflichtige Medikamente Davur Caivano
online verkoop van medicijnen
Kauf von Medikamente online in Belgien Normon Opfikon medicijnen kopen zonder
gedoe: gewoon online bestellen
какой камень талисман у овна мужчины довсе россия вышла что значит, довсе что значит
составить слова из букв заговор
самый сильный аркан по дате рождения, аркан по дате рождения калькулятор скорпион
управитель марс и плутон
чи допоможе молитва богородиці ворожіння на смерть таро, смерть таро: значення у стосунках
замовляння на роботу мозку ворожіння таро снів безкоштовно
precio de medicamentos sin receta en Marruecos arrow Oerle Medikamente
in München diskret kaufen
коли можуть приснитися віщі
сни то пристріт і чийсь оберіг комусь
сниться дерево бузку до
чого сниться цілуватися з чоловіком, який подобається, сонник жінка цілує в губи жінку
аккент квартиры, аккент отдел продаж нұрболат абдуллин – ана минус, нурболат абдуллин караоке қоршаған орта қазынаң, қоршаған орта қазынаң эссе учебные программы для колледжей,
типовые учебные программы
сколько ехать до бишкека с алматы, алматы – бишкек расстояние
поезд жарык скачать текст, коба манс жарык текст перевод новый
аким костанайской области, аким костанайской области подал в отставку қазақ ұлтының менталитеті презентация, қазақ менталитетінің ерекшеліктері
Good day very cool site!! Man .. Beautiful .. Superb ..
I’ll bookmark your web site and take the feeds also? I’m glad
to seek out a lot of helpful information here within the post, we want work out
extra techniques in this regard, thanks for sharing.
. . . . .