Small Business Owners Positive For 2023

Small business owners have a positive outlook for 2023 and expect to prosper, says IOU Financial Inc. in its ‘State of Small Business Survey.’ The survey says that concerns about inflation, recession, staffing, consumer demand, and public health have all decreased due to a stronger than expected performance in 2022. Sixty-four per cent of respondents say their business performed better than expected in the second half of 2022 and 85 per cent rate their current state of business ‘positive’ or ‘very positively.’ Eighty-eight per cent expect business performance to improve in the first half of 2023. As a result, most businesses plan to invest in their businesses in the first half of 2023.