Small-business owners around the world may have different views of the current business climate and different challenges to face in the new year, but there is one thing that they all share: optimism.
MasterCard's annual Global Small Business Survey revealed that small-business owners feel hopeful about the upcoming year and confident they will meet financial goals in 2007. While 27 percent named competition as the biggest challenge ahead, more than half believe that globilizing their business will help them overcome this and acheive even more success. One interesting finding: the number of hours that business owners spend on administration is often proportional to the number of employees they manage, with most spending about 18 hours (in a 50-hour week). The survey, which polled 4,000 small-business owners worldwide, also details how regional differences affect small business around the world.
As for us here at MyBusinessmag.com, it's been a great year. Thanks for sticking with us through the changes to our Web site and, as always, thank you for your continued readership. Check back with us on January 2 for more of the latest news, tips and resources to help you run your small business. Until then, have a Merry Christmas and a Happy New Year!
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