Despite revising their revenue forecasts down and their continuing concern over rising health insurance costs, 70 percent of women-owned businesses still remain optimistic about their business prospects for the rest of 2009, according to a member survey by the Women’s Business Council – Southwest.
WBCS said only 9 percent of surveyed members labeled themselves as pessimistic about their business forecasts for the remainder of the year, with 21 percent still unsure.
The optimism persists despite the fact that 49 percent of members surveyed said they now expect less revenue this year than their original 2009 forecasts had predicted. Also, 73 percent noted that their businesses’ health insurance costs have gone up from last year.
When it comes to capital in this time of tight credit and economic uncertainty, 61 percent of WBCS members are fortunate enough not to need capital at this time. Four percent say they are finding capital easily, and 13 percent say they are finding capital, but the search is challenging. Another 22 percent either can’t find it at all, or are not finding it on affordable terms.
Asked about the concerns that “keep them awake at night,” 35 percent said fear of new taxes – either on their business or personally – is their biggest worry. Thirty-four percent are concerned about the overall economy and its effect on their business. Another 15 percent are worried about finding sources of capital to keep their business going, and 12 percent are concerned about how business health insurance costs are affecting their business.