October 30, 2014

Florida CEO Confidence

Find out where Florida's business leaders stand on social media, revenue potential and stimulus funding -- among other issues.

| 9/1/2009

Among the greatest concerns of CEOs responding to a nationwide survey were government regulations, taxes and healthcare costs. When responding about specific challenges or opportunities, 60% cited healthcare costs as potentially crippling their businesses.

Despite these concerns, CEOs’ confidence in their own businesses and the overall economy continues to rise. The Vistage CEO Confidence Index rose from 60.6 in Q1 2009 to 69.0 in Q2 2009, an 8.4% increase, continuing an upward trend in CEO confidence.



Here's the data from Florida CEOs surveyed:

191 Florida respondents
Margin of error: 6%

Question Answer Number in agreement %
Compared with a year ago, have overall economic conditions in the U.S. improved, remained the same, or worsened?

Improved 14 7%
About the same 29 15%
Worsened 148 77%

Question Answer Number in agreement %
During the next 12 months, do you expect the overall economic conditions in the U.S. will be better, about the same, or worse than now?

Better 65 34%
About the same 77 40%
Decrease 46 24%
Don't know/no opinion 3 2%

Question Answer Number in agreement %
Are your firm’s total fixed investment expenditures likely to increase, remain about the same, or decrease during the next 12 months?

Increase 50 26%
About the same 88 46%
Decrease 48 25%
Don't know/no opinion 5 3%

Question Answer Number in agreement %
Do you anticipate that your firm's sales revenues will increase, remain about the same, or decrease for the next 12 months?

Increase 91 48%
About the same 57 30%
Decrease 41 21%
Don't know/no opinion 2 1%

Question Answer Number in agreement %
Do you expect your firm’s profitability to improve, remain about the same, or worsen during the next 12 months?

Increase 82 48%
About the same 59 30%
Worsen 50 21%

Question Answer Number in agreement %
Do you expect prices for your product or service to increase, remain about the same, or decrease during the next 12 months?

Increase 37 19%
About the same 110 58%
Worsen 43 23%
Don't know/No opinion 1 1%

Question Answer Number in agreement %
Do you expect your firm’s total number of employees will increase, remain about the same insurance news, or decrease during the next 12 months?

Increase 67 35%
About the same 86 45%
Decrease 37 19%
Don't know/no opinion 1 1%

Question Answer Number in agreement %
When do you plan to increase your firm’s total number of employees over the next 12 months?

This year: 2009 35 18%
Q4 2010 33 17%
Steadily throughout next 12 months 35 18%
I do not plan to increase my total number of employees 88 46%

Question Answer Number in agreement %
What is the most significant business issue that you are facing currently?

Rising energy costs
1 1%
Growth (growing too quickly)
3 2%
Rising healthcare costs
4 2%
Political uncertainty
15 8%
Staffing (finding, hiring, retaining, and training
9 5%
Growth (growing too slowly)
20 10%
Economic uncertainty (concern for local and nation
78 41%
Other 18 9%
Financial issues (finance, cash flow, profitabilit
43 23%

Question Answer Number in agreement %
How does your 2nd Quarter 2009 revenue compare to your 2nd Quarter 2008 revenue?

Up by 1-10% 29 15%
Up by more than 10% 34 18%
Down by 1-5% 27 14%
Down by 5-10% 20 10%
Down by 10-20% 29 15%
Down by more than 20% 49 26%
Skipped question 3 2%

Question Answer Number in agreement %
How does your projected 2009 year-end revenue compare to your actual 2008 revenue?

Up by 1-10% 35 18%
Up by more than 10% 34 18%
Down by 1-5% 18 9%
Down by 5-10% 25 13%
Down by 10-20% 29 15%
Down by more than 20% 50 26%

Question Answer Number in agreement %
Are you finding it easier to obtain credit for your business now than you did six months ago?

Yes 13 7%
No 103 54%
Not applicable 73 38%
Skipped 2 1%

Question Answer Number in agreement %
Do you expect your firm’s total number of employees will increase, remain about the same insurance news, or decrease during the next 12 months?

Increase 67 35%
About the same 86 45%
Decrease 37 19%
Don't know/no opinion 1 1%

Question Answer Number in agreement %
When do you plan to increase your firm’s total number of employees over the next 12 months?

This year: 2009 35 18%
Q4 2010 33 17%
Steadily throughout next 12 months 35 18%
I do not plan to increase my total number of employees 88 46%

Question Answer Number in agreement %
What is the most significant business issue that you are facing currently?

Rising energy costs
1 1%
Growth (growing too quickly)
3 2%
Rising healthcare costs
4 2%
Political uncertainty
15 8%
Staffing (finding, hiring, retaining, and training
9 5%
Growth (growing too slowly)
20 10%
Economic uncertainty (concern for local and nation
78 41%
Other 18 9%
Financial issues (finance, cash flow, profitabilit
43 23%

Question Answer Number in agreement %
How does your 2nd Quarter 2009 revenue compare to your 2nd Quarter 2008 revenue?

Up by 1-10% 29 15%
Up by more than 10% 34 18%
Down by 1-5% 27 14%
Down by 5-10% 20 10%
Down by 10-20% 29 15%
Down by more than 20% 49 26%
Skipped question 3 2%

Question Answer Number in agreement %
How does your projected 2009 year-end revenue compare to your actual 2008 revenue?

Up by 1-10% 35 18%
Up by more than 10% 34 18%
Down by 1-5% 18 9%
Down by 5-10% 25 13%
Down by 10-20% 29 15%
Down by more than 20% 50 26%

Question Answer Number in agreement %
Are you finding it easier to obtain credit for your business now than you did six months ago?

Yes 13 7%
No 103 54%
Not applicable 73 38%
Skipped 2 1%

[Source: Vistage]

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