Sage Business Index: American Business Owners Remain Optimistic

Sage Business Index: American Business Owners Remain Optimistic About
Own Prospects, Less So About Nation's Economic Outlook 
IRVINE, CA -- (Marketwire) -- 10/24/12 --  Sage North America
announced today the results of its Business Index, which recently
surveyed 923 businesses in the United States as a part of its
biannual global survey. The Sage Business Index showed that business
owners are less optimistic about the nation's economy than they were
six months ago but maintain a high level of confidence in the
prospects for their own businesses. Sage, a leading provider of
business management software and services to more than 6 million
small and midsized businesses worldwide, conducted the study among
over 10,000 businesses worldwide in September 2012.  
When asked about the prospects over the next six months for their
businesses compared with six months ago, American respondents were
positive with an index value of 60.28, which was down slightly from
the 61.07 index value from the spring of 2012 survey (indexes are
based on a scale where zero to 50 is negative and 50 to 100 is
positive). By comparison, American businesses have a more optimistic
outlook about their own prospects than do their global businesses
counterparts -- the global business index confidence index was 56.46. 
American business owners are a bit less optimistic about the
country's economy than they are about the prospects for their own
businesses. Fifty-one percent responded neutral, positive or very
positive when asked if the economy is improving or declining.
Comparatively, 37 percent responded either "negative" or "very
negative" when asked the same question. In current business
conditions, U.S. respondents are most preoccupied by a concern for
inflation and rising costs of resources (45 percent). Instability of
the local market (35 percent), a decreased consumer confidence (34
percent) and increasing government regulation (34 percent) were also
considerable concerns.  
To that end, American business owners are showing some concern over
the economic turmoil in the Eurozone. Thirty-eight percent of U.S.
respondents believe that the crisis in the Eurozone has had either
some or significant impact on their business confidence, while 39
percent believe that the Eurozone crisis has h
ad no impact on their
business confidence. 
Half of all respondents agreed that the business culture and
entrepreneurial spirit in America is the most favorable aspect of
doing business in the country, followed by good infrastructure (42
percent) and a skilled workforce from which to recruit (33 percent).
When asked if the government provides sufficient support and advice
for businesses, 53 percent responded no, 26 percent responded yes and
the rest responded that they do not know. The top three things
businesses think the government can do to support business confidence
are reduce national debt (22 percent), reduce business bureaucracy
(21 percent) and reduce business taxes (13 percent). 
Respondents cited government business bureaucracy and legislation (52
percent) as the least favorable aspect of doing business in the U.S.
Forty-eight percent of respondents cited government handling of
economic challenges and 36 percent cited access to capital and
funding as the least favorable aspects of doing business in the
country. 
When asked to specify the most burdensome parts of government
bureaucracy, 40 percent cited tax law, 16 percent cited
employee/labor law and 12 percent cited environmental regulations as
the most onerous aspects. 
"Now more than ever, business owners in this country are paying
attention to how the global economy may affect their own bottom line.
The Sage Business Index is a great barometer of the attitudes of
business owners both here and abroad, and once again, the findings of
the Sage Business Index echo the sentiment and concerns of business
owners the world over," said Connie Certusi, executive vice president
of Sage Small Business Accounting. "The state of the economy remains
top of mind with business owners and consumers alike as we inch
closer to the election in November. The results of the recent Sage
election survey indicate that small businesses owners are as
politically engaged as they have ever been. And while concerns about
the economy remain, it is inspiring to see that optimism continues to
drive the entrepreneurial spirit in this country."  
About The Sage Business Index 
 The Sage Business Index polled 10,861
small and medium-sized businesses across 15 countries -- U.S.,
Canada, Germany, Austria, Switzerland, France, U.K., Ireland, Spain,
Portugal, Poland, South Africa, Malaysia, Singapore and Brazil over a
two week period in September 2012. Businesses were asked a range of
questions regarding such issues as business confidence and outlook,
how they feel about the global and local economies and what
challenges they currently face. 
About Sage 
 Sage is a leading global supplier of business management
software and services for small and midsized businesses. The Sage
Group plc, formed in 1981, was floated on the London Stock Exchange
in 1989 and now employs more than 12,600 people and supports more
than 6 million customers worldwide. For more information about Sage
in North America, please visit the company website at NA.Sage.com.
Follow Sage North America on Facebook, Facebook.com/SageNorthAmerica,
and Twitter, twitter.com/SageNAmerica. 
Copyright2012 Sage Software, Inc. All rights reserved. Sage, the Sage
logos, and the Sage product and service names mentioned herein are
registered trademarks or trademarks of Sage Software, Inc. or its
affiliated entities. All other trademarks are the property of their
respective owners. 
Press Contacts:
Aimee Ertley 
Sage North America 
678-280-5556 
Aimee.Ertley@sage.com  
or 
Tiffany Allegretti 
LFPR for Sage North America
949-502-7750 ext. 218
tiffanya@lf-pr.com 
 
 
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