The pandemic is still raging on in the U.S., yet 64% of small business owners on Main Street are confident that they can survive for more than a year under current conditions, the Q3 CNBC|SurveyMonkey Small Business Survey revealed on Monday. Surprisingly, that is nearly double the 34% that held this optimistic view when polled in April. And 46% of those surveyed say they expect their company’s revenue to increase over the next 12 months.
The study polled 2,040 small businesses nationwide July 20-27 in a wide swath of industries from food services, retail and consulting to manufacturing and construction. Fifty-three percent of respondents were sole proprietorships or S Corporations and 80% had less than 20 employees.