Washington — Optimism about business growth within the mid-market has rebounded “significantly” in the past year, according to a recent Grant Thornton survey of middle-market business leaders.
Ninety-three percent of respondents said that they were optimistic about the growth of their own companies, the highest level since the spring of 2002.
Of the 305 business owners and senior executives with companies in the $50 million-to-$2 billion range, more than half said that they anticipate increases in revenues (88 percent), profitability (73 percent), and employment (52 percent) over the coming year.
To maintain or improve profitability over the past few years, at least 85 percent of respondents reported that they have reduced costs; invested in new technology, systems or procedures; and/or improved cash management.
— Richard McCausland
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access