Thanks for participating in Packard’s Business Climate Survey. We have summarized the results below:
In general, respondents are optimistic about business improving through 2010 (73.8% Agree or Strongly Agree with the statement “I believe the business climate will be better one year from now…”)
On an individual company basis, the owners are a bit less satisfied with their business cash flow since only 35.7% Agree or Strongly Agree with the statement “My business is cash-flowing well…”); and growth of their respective market (just 31.3%).
The majority (77.1%) believe they have carved out a market niche, which may contribute to the finding that 46.5% are confident that their share of that market is growing.
A whopping 80.9% of respondents are developing new products or services internally, while 23.8% are considering acquisitions or joint ventures as another path toward growth and value improvement. Just over a quarter (26.5%) are thinking about their exit strategy or end game (50.6% disagreed or strongly disagreed with the statement “I am considering my exit strategy…”)
In spite of the turmoil in banking, 61.7% of respondents view their banking relationships as strong.
Thank you for participating! Our next survey will be conducted midyear.