Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Small Business

Shaken and Uncertain

Even entrepreneurs have lost their nerve. That's what the Trendsetter survey run by PricewaterhouseCoopers found during its third-quarter roundup of chief executives at fast-growing small companies.

The survey was conducted in September, and most of the respondents contacted before September 11 were relatively upbeat. Projections for hiring, revenue increases, and new investments were mostly steady, despite some pessimism about the economy.

SIMILAR RESULTS. Then came the attacks. Now, a net 7% see the economy growing in the next 12 months, vs. 20% who felt that way before September 11 and 75% 12 months earlier. The CEOs downgraded their projections for revenue growth in the next 12 months to an average of 11.5%, compared to the 17.2% that was being projected at the beginning of the month.

Any of this sound familiar? If so, maybe it's because the National Federation of Independent Business reported a similar split in its survey, which also was conducted both before and after the attacks. But the Trendsetter piece noted that because CEOs were making their projections amid all the uncertainty, their gloom might be short-lived. Given the chronic optimism that usually prevails in small-biz surveys, that sounds like a safe bet.

blog comments powered by Disqus