BofA survey: Majority of small and midsize business owners anticipate revenue growth this year

A majority of small and midsize business owners expect their revenues to increase this year, and their worries over a recession have declined substantially, according to the 2024 Bank of America Business Owner Report, conducted in partnership with Bank of America Institute. While business owners remain mindful of the impacts of inflation and interest rates on their bottom lines, both concerns have lessened since spring 2023. And despite some lingering uncertainties over the broader economy, business owners plan to expand their businesses in the year ahead.