Many small- to medium-sized business over recent years have been bogged down by multiple security concerns. However, recent data collected by cloud provider j2 Global found 76 percent of respondents are optimistic about growth for the upcoming year.
While optimism is always good for SMBs, it is important they look to protect themselves from the unstable economy. By purchasing small business insurance policies, SMBs will be able to make sure they are financially protected from potential lawsuits.
“Small businesses have always been a driver of economic growth,” said Mike Pugh, vice president, marketing of j2 Global. “Seeing their continued optimism, as well as their adoption of mobile technologies and social media, is a promising sign. SMBs keep pushing forward, finding new, more efficient ways of doing business in the cloud and on the move.”
According to the survey, 81 percent and survey respondents in Generation X and 64 percent of senior citizens believe their businesses have the potential for growth within the year. Seventeen percent are tempering their growth due to the upcoming presidential election.
