Small business owners expect to spend record amounts in 2004, according to City Business Journals Network. Seventy-eight percent of 900 people surveyed said they expect business prospects to improve over the next 12 months, 18% said they expect them to stay the same, and 4% said they will get worse.
More interestingly, 32% of small business owners expect to increase spending in 2004, up significantly from the 20% who said so during the boom year of 1999. Of mid-size business owners, 47% plan to increase spending in the coming year. Areas slated for spending include technology, telecommunications and office equipment.