There could be many explanations but the obvious ones are:
- Small businesses really do not know where the wind might take them. Which is concerning because a small business is usually affected by microeconomics and -- beyond the financing piece -- small businesses with solid models should know exactly what their plan is.
- Small businesses are sandbagging and are not willing to openly brag about hiring.
- A third of small businesses are usually very clear on their hiring plan regardless of the economic environment. It is just the ones that are planning to cut-down that prefer not to respond clearly to the survey.
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