"Business owners are heading into 2026 with cautious optimism - and a clear appetite for growth. According to Bank of America's latest Business Owner Report, 74% expect revenue to rise in the coming year, and nearly 60% plan to expand their businesses. Confidence extends beyond their own operations: More than half believe local economies will improve, and nearly half expect national and global conditions to strengthen."
"At the same time, they remain mindful of potential challenges that could influence their strategies, including inflation (70%), tariff policies (64%) and the U.S. political climate (64%). As they look ahead to the coming year, entrepreneurs would benefit from preparing for a range of possible economic outcomes. Evaluating strategies against both optimistic and challenging scenarios can help ensure they stay adaptable as conditions evolve."
Business owners are entering 2026 with strong growth intentions: 74% expect revenue increases and nearly 60% plan to expand, while more than half foresee local economic improvement and about half expect national and global strengthening. Many owners still cite inflation (70%), tariff policies (64%) and the U.S. political climate (64%) as potential challenges that could shape strategies. Hiring remains a priority, with 43% planning to add staff and only 1% expecting layoffs. Five actionable priorities are balancing confidence with economic realities, retaining and attracting talent, embracing digital initiatives, strengthening financing and cash flow, and building resilient supply chains.
#economic-outlook #talent-and-hiring #digital-transformation #cash-flow-and-financing #supply-chain-resilience
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