PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Kerrigan in CNBC: Small Biz Confidence Rebounds, Main Street Has a Way to Go

By at 10 August, 2020, 3:13 pm

In an August 10 CNBC article that reported on the results of the CNBC|SurveyMonkey Q3 Small Business Survey, SBE Council president & CEO Karen Kerrigan commented on the findings, which reports that small business owners “are feeling somewhat more optimistic.” Still, as noted in the article, “the worst is far from over for Main Street, which is facing an unprecedented and rocky recovery.”

SBE Council president & CEO Karen Kerrigan said the “rebound” can be attributed to the fact that economies have opened and “we are not going to be moving backwards…They [small business owners] see a light at the end of the tunnel.”

She also pointed out that small business owners have quickly pivoted and “have learned to do more with less. And do more with technology, which has allowed many of them to operate more efficiently to innovate more and think of new ways to serve customers, while also cutting costs.”

According to the latest CNBC/Survey Monkey Survey:

“Just 36% of businesses say that current operating conditions are ‘good’ in this quarter’s survey, which is a major improvement from last quarter’s 18%. But nearly one-fourth say conditions are bad — three times the number who said conditions were poor to kick off the year.”

Read the full article, which links to the survey here.

News and Media Releases