According to an American Express Survey, the vast majority of these companies (defined as companies with revenue between $10 million and $1 billion annually) are expecting the economy to either grow or have a positive effect on their business.

The survey further said that most of these companies, in addition to having more employees than they did a year ago, are planning to continue to hire even more full time employees.  They report seeing new customers and plan to expand to support those new customers.

“Middle market companies have an optimistic view on the economy and their business prospects.  We can already see this having an impact in terms of job numbers, with current employment numbers up and robust plans for future hiring.” 

–Tom Tierney, Senior Vice President, U.S. Middle Market, American Express Global Corporate Payments

With the prediction of future smooth economic sailing, there also comes with it the debate on which growth path is the best for companies to take.  Many believe that the best way to ensure growth is customer acquisition, while others believe that securing necessary infrastructure is the optimal way. 

A very high percentage (91%) report that while they believe they have the necessary capital in place to support their growth, cash flow will be a primary concern going forward.

As one of the country’s leading equipment financing companies, we have found that the availability of capital for equipment acquisition purposes continues to grow, which should mitigate the concern over cash flow.

How is your company planning on growing this upcoming year?  Are you planning on hiring and/or making investments in infrastructure?  What do you think the best way to grow a business is?  We welcome and encourage your comments below. 

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