November 14, 2017, 9:00 am EST
Los Angeles Entrepreneurs Highly Confident About Year-End Revenue, Have More Plans for Growth and Hiring Than National Counterparts
As the year comes to a close, the majority of Los Angeles-area small business owners expect 2017 revenue to exceed that of 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 L.A. area, seven out of 10 L.A. entrepreneurs expect their revenue will increase over the next 12 months (19 percentage points higher than the national average). In the short term, L.A. business owners anticipate a strong finish to 2017, as 83 percent are confident that their year-end revenue will exceed that of 2016.
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