Going Global For Growth
More small companies are looking abroad to increase sales, reports PricewaterhouseCoopers in its quarterly Trendsetter survey of CEOs at fast-growth small companies. In 2000, 45% plan to sell abroad, up from 37% a year ago--and they expect more revenue growth than their domestic-only counterparts. Why the high expectations? In part, these CEOs are growing more sanguine about prospects for the global economy. Three-quarters said they're optimistic about the next 12 months, vs. just 20% a year ago.