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|Thursday, April 25, 2013|
BY BRANDON SAWYER | OB RESEARCH EDITOR
Oregon prides itself on being a small-business state, but its moms-and-pops and start-ups are not feeling loved. According to a recent survey of small business owners, the state's economy is worse off than the rest of the country.
The 2013 U.S. Bank Small Business Annual Survey of more than 3,000 small business owners in 25 states, primarily in Midwest and West, found that 42% of the 200 Oregon owners polled felt that economic conditions were worse off here than the rest of the country. However, sentiment has actually improved in this, the survey's fourth year: In 2011, 59% of Oregon owners felt the state was worse off than the nation.
In the other states surveyed for 2013 only 28% of respondents felt that their local economies were worse. And Oregon's pessimism can't be blamed on seaonal affective disorder, because only 24% of our northern neighbor, Washington's, small business owners felt that way.
Only 16% in Oregon think the state's better off, compared with 30% in Washington and 35% among all states surveyed. But whereas Washington's business owners str significantly more pessimistic in 2013 than last year, Oregon's owners are a little less depressed. Looking at the bigger picture, an equal number – 45% – thought the U.S. was in either a recession or in a recovery, and just 1% thought it was in expansion mode; 10% were unsure. These were roughly the same percentages for all those surveyed.
Oregon Business' reader input survey late last year found growing confidence in the state's economy, with 42% of more than 500 readers expecting it to improve this year, and 48% of them expecting their own business to improve.
Top challenges cited by small business owners in the U.S. Bank survey are economic uncertainty, government regulations, poor sales, taxes and competition from larger businesses.
Among other queries, 18% of Oregon small businesses expected to hire in the next year; 28% reported higher revenue this year and 43% expect even higher revenue next year; 62% describe the health of their business as 'good to excellent"; and 62% also say it's difficult for their business to borrow money.
In releasing their survey results, Malia Wasson, president of U.S. Bank in Oregon and Southwest Washington, said small businesses across the country are still reluctant to hire or invest in capital expenditures. "They’re waiting for the economy to show more of a recovery before their confidence returns.”
Tuesday, August 26, 2014
Parents and students paying for college today are like homeowners who bought a house just before the housing bubble burst.
Friday, September 19, 2014
BY TOM COX | OB BLOGGER
How can you tell if you, a peer, a subordinate or a job candidate has the emotional intelligence needed to do well?
Friday, September 12, 2014
BY TOM COX | OB BLOGGER
I often talk about what leaders can do. What about followers? If you’re a team member and you’d like to add positivity to your team, what might you do?
Wednesday, August 27, 2014
Tom Cox interviews Pete Friedes, author of "The 2R Manager," about becoming a Best Boss.
Friday, September 26, 2014
BY JASON NORRIS | GUEST BLOGGER
This post focuses on the recent release of the new Apple iPhone as well as Alibaba's IPO, the largest U.S. IPO in history.
Monday, August 25, 2014
BY JASON NORRIS | OB GUEST BLOGGER
Ferguson Wellman’s investment views on the economy and capital markets.
Wednesday, August 06, 2014
BY LINDA BAKER | OB EDITOR
Portland startup Green Endeavor strikes gold, inking a partnership with Underwriters Laboratories, an Illinois-based consulting and certification company with offices in 46 countries.
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