This PwC publication tracks the business issues and best practices of privately held US growth businesses. It incorporates the views of 240 chief executive officers (CEOs/CFOs): 135 from companies in the product sector and 105 in the service sector, averaging $352 million in enterprise revenue/sales, and including large, $500M-plus private companies.
- Optimism about the US economy rose sharply among US private companies in the first quarter of 2012, climbing to 60% — nearly the same level seen this time last year.
- Confidence in the world economy also rose, to 29%, but the overriding sentiment remains one of uncertainty (61%).
- 90% of Trendsetter companies expect positive revenue growth over the next year.
- Planned operational spending and capital investment remain strong, with international companies still leading the way.
- Hiring plans hold steady, with 59% of Trendsetter companies looking to add new employees.
- Potential lack of demand is still the top perceived barrier to growth, cited by 68% of companies.