November 14, 2017, 9:00 am EST
Chicago Entrepreneurs Planning for More Growth and Hiring in 2018 Than National Counterparts
As 2017 comes to a close, the majority of Chicago-area small business owners expect their year-end revenues to be higher than in 2016, and they are projecting that growth to continue in the year ahead. According to the fall 2017 Bank of America Business Advantage Small Business Owner Report, a semiannual survey of 1,000 business owners across the country and in the greater Chicago area, 73 percent of Chicago entrepreneurs are confident that their 2017 year-end revenue will exceed that of 2016. Meanwhile, 55 percent of area business owners are confident that their revenue will increase in the year ahead. While still a majority, this is a decline of 8 percentage points from last fall, when 63 percent foresaw increased revenue over the next 12 months.
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