2012, 2013, and 2014 have all seen businesses looking to expand. 2014 was a good year for that! What will 2015 bring? For today’s post, we look back at the same 2014 report conducted by UPS Connect from a few weeks ago.
When asked if business owners are looking to expand in 2014, 58% said they plan to grow their business locally, 34% plan to expand their business nationally, 27% have global expansion plans, and 15% have no current expansion plans.
Since the Great Recession in 2009, companies have been able to put the effects of the economic decline behind them. As the economy has improved, business owners are more optimistic about expanding their companies.