Many Small Business Owners Are Still 'Optimistic': Survey
A new report from GoDaddy found that despite the current economic climate, 66% of small business owners surveyed still have "positive revenue expectations."
A new survey from website hosting company GoDaddy found that entrepreneurs are still optimistic about the economy, despite new pressures from tariffs.
According to the new report, half of microbusiness owners surveyed said that they predict a "weaker economy in the next six months," but 66% of respondents still have "positive revenue expectations."
Only 9% of the 2,100 business owners surveyed forecasted a sales decline.
Related: GoDaddy's 3 Best Tips for Small Business Marketing Success
"Small business owners believe in themselves," said GoDaddy CEO Aman Bhutani, in a statement. "GoDaddy's research shows they remain intent on pushing their small businesses forward."
Microbusinesses are defined in the report as "small businesses that typically employ fewer than 10 employees."
The report also found that entrepreneurs are changing their long-term goals to adapt to the current climate. About 40% of respondents said they expect to remain "solo entrepreneurs" (up from 36% last year) rather than start hiring and grow a bigger business.
"Entrepreneurs are planning for what is ahead," Bhutani added. "They are navigating these times by staying focused and determined. At GoDaddy, our job is to make sure they have the tools they need to succeed."
For the full report, click here.
Related: How to Transform Companies From Within as an 'Intrapreneur,' According to a Microsoft Office and Yahoo Shopping Cofounder
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Entrepreneur
9 minutes ago
- Entrepreneur
CrowdStrike Stock Dips on Guidance Miss: It May Rebound Fast
CrowdStrike stock fell over 6% after the company's short-term guidance failed to meet lofty expectations, but analysts remain bullish on the second half This story originally appeared on MarketBeat [content-module:CompanyOverview|NASDAQ:CRWD] CrowdStrike Holdings Inc. (NASDAQ: CRWD) is down more than 6% after delivering its first quarter earnings report after the market closed on June 3. The company beat on the bottom line. However, revenue came in as expected. Furthermore, the company's guidance was not as bullish as investors hoped. The takeaway is simple. As was the case with many technology stocks this earnings season, the sharp move prior to earnings was the overreaction. This is a move back to equilibrium. It's also an opportunity for investors to get involved with CRWD stock at a better price. But if investors are looking for that better price, they shouldn't wait too long, because this dip isn't likely to get much deeper. CrowdStrike Didn't Stick the Landing If CrowdStrike's earnings report was a gymnastics routine, people could say it was flawless, but the company didn't stick the landing. That landing was in the guidance for full-year revenue. It came in as expected. However, with a stock that was trading at a premium before the report, analysts and investors wanted to see more. But it's important to understand what the company delivered. Topline revenue of $1.10 billion was in line with expectations for $1.11 billion. Revenue was 20% higher year-over-year (YOY). Annual recurring revenue was up 22% YOY. Earnings per share (EPS) of 73 cents came in ahead of forecasts of 66 cents and was 265% higher YOY. The issue became the guidance. For the current quarter, CrowdStrike guided to revenue between $1.145 billion and $1.152 billion. Analysts were estimating $1.23 billion. The company's earnings per share estimate of between 82 cents to 84 cents per share was also below estimates of 92 cents. The Long-Term Outlook Is What Matters On May 23, DZ Bank downgraded CRWD stock from a Strong Buy to a Strong Sell with a price target of $370. Options traders were also bearish on CrowdStrike heading into earnings. In both cases, the sentiment was around CRWD stock being priced for perfection. [content-module:Forecast|NASDAQ:CRWD] The reason for that sentiment is that CrowdStrike is expecting subscription revenue in 2025 to be impacted by the goodwill offerings it made to customers in response to its well-publicized outage in 2024. These offerings allowed customers to sample services within CrowdStrike's Falcon platform at no charge. However, investors need to be careful about putting too much emphasis on the short-term price movement. That's because the impact of those goodwill offerings is projected to lessen in the second half of the year. On the earnings call, management confirmed the company already has booked $3.2 billion in revenue from its FalconFlex subscription model. The company expects business to accelerate in the second half of the year. To support that expectation, CrowdStrike maintained its full-year revenue outlook from $4.743 billion to $4.805 billion. The layoffs enacted earlier this year are also expected to benefit the company's bottom line. That also explains why, since the report, at least a dozen analysts are weighing in with many increasing their price targets for the stock. Dan Ives of Wedbush is among the most bullish, with a price target of $525. Don't Blink, or You'll Miss the Dip in CRWD Stock CRWD stock had rallied hard in the last few trading days before the earnings report. That left the stock priced for perfection, and investors decided they didn't get perfect results. To be fair, the stock isn't at oversold levels—it hasn't been since it hit around $312 in March. Nothing in the report suggested a massive sell-off that would collapse the stock price. Therefore, this may be your opportunity if you want to buy the dip. Early trading on June 4 suggests that many investors already have the same idea. By midday, CRWD stock had already covered about half of the dip in post-earnings. Investors hoping to get in at a price of around $325, which would bring its valuation down to about 16x, will be disappointed. However, it's time to focus on the potential for a breakout. As analysts raise their price targets, it's not hard to imagine the stock climbing another 15% or more from its current levels. [content-module:TradingView|NASDAQ:CRWD] Before you make your next trade, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list. They believe these five stocks are the five best companies for investors to buy now... See The Five Stocks Here
Washington Post
13 minutes ago
- Washington Post
Trump proposes policies that would increase the soaring national debt
President Donald Trump is pursuing an agenda that would add trillions of dollars to the soaring national debt, ignoring warnings from Wall Street, Republican deficit hawks and his outgoing cost-cutting champion. Though Trump ran for office in part on pledges to slash the size of the federal government and rein in the debt, his record so far has been less fiscally disciplined.
Fast Company
14 minutes ago
- Fast Company
The communications playbook for company milestones
Congratulations! You've just closed a funding round or hit a major milestone in your company's journey. Now, it's time to share this exciting moment with the world. As a founder or company leader, you know how important it is to communicate major news to investors, partners, customers, and other stakeholders. But the steps you take when developing your communications strategy can make or break its true impact. Here is your communications playbook for developing a well-planned strategy that ensures your next milestone attracts the attention of media, employees, partners, and those who matter most. 1. Establish your North Star. As a first order of business, you need to align internally on your goals for this announcement as they relate to your broader business priorities. Determining what success looks like from the beginning is the baseline for developing a strategy that will actually get you there. There's often an inherent, unintentional disconnect in communications priorities and planning across teams no matter how big or small the company. It's important to ensure there is internal alignment, so everyone is working toward the same goal—or often, goals (plural). 2. Tap your agency (or agencies) for help. Planning and timing are everything. The sooner you tap your communications agency to support you on this journey, the better. Remember: Most agencies have NDAs, so any confidential information pre-announcement should be secure—and if you have doubts, it's probably time to revisit that partnership. Best practice would be to update your agency as soon as possible to ensure proper planning, prep and media outreach. Realistically speaking, though, the right partner is there to support you, even—and especially!—in a crunch. This is one of the many reasons why having the right agency partner is so important. You want to feel confident and secure in the choice you've made in an agency partner when you're heading into big moments. Remember, they do this often across multiple clients, and have the war stories to inform their suggested approach. 3. Nail down your narrative. Milestones are perfect opportunities to evaluate your current messaging and ensure it aligns with your evolving business and priorities. Take a moment to update any outdated messaging as part of your broader corporate narrative, and be sure to develop key talking points around this specific announcement. Leverage this moment to share how you've progressed as a company and tip your proverbial hat to the future. Also be mindful of the varied audiences you're trying to reach and tailor your talking points to those specific personas. 'Funding announcements, in particular, validate everything you've told external audiences—affirming the strength of your business model, the potential for future growth, and the unique value you bring to your industry,' explains Dinh Lai, chief marketing officer at bolt [DA1], a leading distribution platform for property and casualty insurance. 'They're proof from a third party that has done the due diligence and, most importantly, backed you with their capital.' 4. Develop your media strategy. A strong media strategy is the backbone of your announcement. It's important to work with your agency to determine which outlets and journalists are going to be most interested in this story and to develop a proper execution plan. Media relations, like much in life, is about balancing urgency with strategy. The more time you allow for proper outreach, the better—particularly as newsrooms evolve and breaking news happens seemingly every second. If you have a compelling story to tell, aim for an exclusive. Exclusives give journalists a reason to prioritize your story by providing early access before the news is shared more broadly. However, you need to ensure you're giving reporters ample time to do their job. As part of your media strategy, don't forget to consider ways to get more mileage out of this moment. Leverage the announcement as an opportunity to nurture media relationships for the future and tie back to this milestone in future announcements. 5. Equip your spokespeople. Determine your spokespeople for the announcement and ensure they are aligned on key messaging, so everyone is telling a cohesive story. While consistency is important, it can also be powerful to include a variety of voices and incorporate unique experiences whenever possible. For example, funding announcements and major milestones are an opportunity for the founder or cofounders to share the journey that brought the company to where it is today, while the broader leadership team can speak to how they're helping to shape its future. Similarly, enlisting partners, investors, or outside experts for third-party validation also can be a powerful addition to your narrative and help attract the attention of the media—particularly if you're aiming for an exclusive. 6. Leverage your team's network. Ensure you have a strategy for rolling out this news internally. While building excitement with your team can deepen the impact of your external communications, it's important to take a balanced approach and avoid oversharing to safeguard against any confidential information being shared before your announcement. After the announcement is live, encourage your team and your broader network to help amplify the news and any resulting media coverage on social media. LinkedIn, for example, is a good connector and a cost-effective way to increase reach and engagement around big moments. 'Milestones are not only powerful externally, but they are also a source of pride and confidence internally. Maximize reach by bringing to bear your entire network, including investors and agency partners,' Lai says. 7. Don't forget to celebrate. And finally, take the time to appreciate this milestone. It's easy to immediately shift your focus to what's next or how this announcement could have gone in a different direction. Save that for later—hindsight is 20/20. Acknowledge your wins and celebrate your progress as a team. After all, you've come so far!
