CHERRY HILL, N.J., and PORTLAND, Maine, Feb. 15, 2013 /PRNewswire/ -- Nearly half of small businesses expect their financial health to improve in 2013 and are confident that sales will increase over 2012, according to a new survey released today by TD Bank, America's Most Convenient Bank ®. The survey also found that nearly one-third of small business respondents plan to hire at least one employee in the coming year.
TD Bank's survey polled more than 500 small business owners across the bank's Maine to Florida footprint for their plans for 2013.
- 49% say they are somewhat or very confident that their small business will be in better financial shape than it was in 2012, with 25% still unsure and 25% are not confident about their financial health.
- 47% are somewhat or very confident that they'll exceed their sales performance from 2012, 31% are unsure, and 22% think sales will worsen.
- 59% intend to keep staffing levels the same, but 32% plan to hire at least one new employee, and only 9% plan to downsize their team in the year ahead.