Intuit Offers 10 Tips with Free and Affordable Services for Small Businesses to Survive and Thrive Through Downturn
MOUNTAIN VIEW, Calif. - Oct. 30, 2008 - Small business owners remain relatively optimistic - yet realistic - about opportunities and growth for their businesses, despite tough economic conditions.
The latest "Small Business and the Economy" survey by Intuit Inc. (Nasdaq: INTU), found that 82 percent of business owners still see opportunities for their business, compared to 91 percent in a similar Intuit survey conducted six months ago. In the most recent survey, conducted in the second week of October, 64 percent said they still expect to grow, compared to 77 percent six months ago.
While remaining fairly optimistic, small business owners are also realistic about the downturn in the economy. Sixty-seven percent say worrying about how to find new customers keeps them up at night, while 60 percent plan to focus on reducing costs and retaining current customers.
This mix of optimism with realism may reflect the fact that many are not new to tough times. More than 60 percent of the survey respondents said they had previously survived a recession.
Intuit, a leading provider of software and services for small businesses, offers 10 tips to help small business owners survive and thrive during tough economic times.
To share and find other tips and resources on how to weather the economy, go to: http://community.intuit.com/quickbooks/categories/contents/299
Survey Background and Methodology
Decipher Inc., an independent, full-service market research firm, conducted the Intuit "Small Business and the Economy" survey from October 7 - 10, 2008, sampling 751 small business owners with less than 10 employees. Respondents accessed the survey via Decipher's online system.
About Intuit Inc.
Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax® software, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation software suites for professional accountants. The company's financial institutions division, anchored by Digital Insight, provides on-demand banking services to help banks and credit unions serve businesses and consumers with innovative solutions.
Founded in 1983, Intuit had annual revenue of $3.1 billion in its fiscal year 2008. The company has approximately 8,000 employees with major offices in the United States, Canada, the United Kingdom and other locations. More information can be found at www.intuit.com.
Intuit, the Intuit logo, and QuickBooks, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. For free trials and promotions, please see the websites listed above for the terms, conditions, and restrictions related to such offers.
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