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Small business owners brace for new challenges: Our seventh annual survey shows how they’re approaching 2023.
Small business owners are cautiously eyeing the year ahead and preparing to take additional steps to keep pace with business conditions. Check out the results1 of our small business survey to see why.
Small business owner confidence is waning in 2023 as owners look to an uncertain economy. What’s behind that concern, and how are they preparing for the coming year?
The annual Truist survey of small business owners, conducted in February 2023, asked 518 owners (annual revenues between $100,000 and $2 million) about their plans for their businesses for 2023.
Small businesses owners told us they’re:
Find out more about what small business owners expect in 2023.
Small businesses told us how they’re approaching 2023:
Percentage of small businesses investing in:
Owners are spending more time on sales and investing in technology.
Percentage of sales in 2022 generated by:
Small businesses are focused on economic uncertainty and are preparing for its consequences:
Percentage of small businesses saying they’ll cut:
For small businesses looking to grow, studying companies that have demonstrated growth allows them to extract lessons for their own businesses.
Growing businesses think and act differently by:
Our teammates are ready to support you with advice and expertise to help you as you prepare for the road ahead. Set up a virtual or in-person appointment, call 844-718-1530 to speak with a Small Business consultant, or visit Truist Small Business to learn how we can help your business reach its goals in 2023.