Trade boosts optimism of small business: UPS survey
A large majority of small-business owners remain optimistic about their company’s financial future despite the current economic crisis, according to two UPS surveys, particularly among those companies that engage in international trade.
In the first UPS Business Monitor United States, conducted between September and October, 2008, 91 percent of small-business owners or managers said they expected their company to be in the same or better financial shape in a year than it was at that time. In a follow-up survey in mid-December, 86 percent of small-businesses owners responded positively to the same question.Respondents did not project a speedy economic recovery.
In the first survey, 47 percent said they believed that the U.S. economy would begin to improve in 2010 or later. In the December survey, that number climbed to 67 percent. Small-business owners who engaged in international trade were more likely to project optimism. In the first survey, 56 percent of such small-business owners said they expected their company to be in a better economic position in one year, compared with 41 percent of companies that did not trade. In the second survey, 62 percent of small-businesses owners who traded internationally expressed optimism compared to 39 percent of non-traders.However, 73 percent of respondents in the survey do not engage in international trade, nor plan to do so. Unfamiliarity with global markets, language barriers and apprehension about preparing customs and other documents were among the main reasons why they aren’t trading across borders.
Source: http://unfsbdc.blogspot.com/2009/01/think-international-trade.html
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