Bookmark and Share Email this page Email Print this page Print Feed Feed

Hawaii Business BOSS Survey - December 2013

12 insights from 402 business leaders in Hawaii

(page 1 of 2)

12 Insights from the BOSS survey of 402 local business leaders

402 local business leaders explain what’s happening on the front lines of the local economy and what’s ahead.

Click here to download a copy of the entire survey.

1. Strong and Steady

The Performance Index, which combines the results from 402 companies on revenue, profits and staffing, is virtually unchanged for two years of BOSS surveys.

But
More revenue for more companies has not translated into increased profits or a substantial increase in hiring.

 

2. Optimistic, But No Longer Euphoric

The Optimism Index asks 402 business leaders: Do you think Hawaii’s economy will improve, stay the same or get worse in the coming year?

Better or Worse
32 percent of the businesses polled believe the state’s economy will improve in the coming year, 27 percent believe things will get worse and 38 percent expect little change.

 

3. Your Company’s Spending Plans for the Coming Year

Smaller firms are the most likely to signal more cost cutting in the coming year. Among companies with three to nine employees, 37 percent predict cost cutting; among companies with 100 or more employees, only 17 percent expect to cut costs.

Small Firms Hit Hardest
Smaller firms are the most likely to signal more cost cutting in the coming year. Among companies with three to nine employees, 37 percent predict cost cutting; among companies with 100 or more employees, only 17 percent expect to cut costs.

 

4.  Gov. Abercrombie: Helped or Hurt?

Gov. Neil Abercrombie took office in December 2010 and is running for re-election in November 2014. Business leaders were asked about his impact on their individual companies since he took office.

 

Next, business leaders were asked about Abercrombie’s impact on the overall local economy:

 

5. Cash Reserves

Does your business have a cash reserve?

Hawaii Business magazine invites you to comment on our articles and the issues they raise. Comments are moderated for offensive language, commercial messages and off-topic posts and may be deleted. Some comments may be chosen for inclusion in the magazine on the Feedback page.

Add your comment:

 

Don't Miss an Issue!
Hawaii Business,December