Colorado Businesses Look Toward Growth in 2011

According to a recent survey of Colorado businesses, expectations of revenue growth are high, while most expect employment and capital spending to lag behind.

The Business Outlook Survey was conducted by EKS&H, the largest Colorado-based accounting and business consulting firm. In a survey of their clients, EKS&H found that 84 percent expect revenue growth in 2011, signaling a higher level of optimism than the more cautious responses in 2010.

While 44 percent of respondents expect at least ten percent growth in revenue, only 18 percent foresee a similar jump in employment.

The survey also found that Inadequate Access to Capital dropped from the number three business concern, where it has been ranked for the last two years, to number six. While this points to a thawing of credit, it is still a higher concern than in 2008 when it was ranked number 11.

Downward Pressure on Pricing/Margins ranked as the number one business concern for a second consecutive year.

According to EKS&H analysis, this could be a prime time to consider buying a competitor. The combination of loosening credit markets and low rates this could be an ideal time to leverage acquisitions as a growth strategy.

The full article and analysis by EKS&H can be found here.