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With the economy struggling, entrepreneurs aren’t as upbeat as usual. But the latest Open From American Express Small Business Monitor survey of small-business owners finds they aren’t merely hunkering down. Seventy-one percent plan to “grow their business” over the next six months. Fifty-seven percent plan to hire new staff, though the number planning personnel cutbacks has risen to 41 percent from 29 percent last spring.
While plans to make capital investments are less widespread, 53 percent of owners expect to be making such outlays in the next six months (down from 60 percent a year ago).
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