In a recent Refresh Leadership poll, we asked our readers “What are your business performance predictions for 2016?” Of those surveyed, 50% say, “We will see moderate growth.” Another 16% predict “exponential growth,” while 18% expect to “remain steady, but unchanged.” Just 13% say they “will likely experience a decrease in business activity.
This shows business leaders are overall more optimistic at the end of 2015 than they were at the conclusion of 2014. Fewer are predicting a decrease in business activity, while more are predicting growth. Nevertheless, the picture is not quite as positive as at the end of 2013, when only seven percent of respondents expected a decrease in business activity for the year ahead. Full results are below.
“Many companies faced their share of challenges in 2015, but by and large business leaders have high expectations for 2016,” said Bob Funk, CEO of Express, and a former chairman of the Federal Reserve Bank of Kansas City. “A full two-thirds expect growth. That confidence is itself a positive sign for the economy, and if these predictions come true, 2016 may indeed be a happy new year.
What are your predictions for 2016? What are some of the biggest factors that could impact your success? Let us know in the comments section below.