FOR IMMEDIATE RELEASE

Contact:

Rosalind Resnick
President and CEO
Axxess Business Centers, Inc.
212-566-7734
Rosalind@abcbizhelp.com
www.abcbizhelp.com

Axxess Business Centers Launches NY Small Business Indicators Index

53% of Companies Say Business is Better Than Last Month, But 85% Say the Government is Not Providing the Help They Need

NEW YORK, June 2 - Axxess Business Centers, Inc., the leader in affordable consulting, business plan writing and financing for startups and small businesses, has launched the New York Small Business Indicators Index, a market basket of 10 leading indicators that reflect the current state of small business in the New York metro area, CEO and President Rosalind Resnick announced today.

"Our goal is to raise awareness of the challenges and issues facing small business owners in New York City and to press for policies and changes that will help local businesses get the help they need and the recognition they deserve," Resnick said. "We plan to gather data from our clients and newsletter subscribers on a monthly basis and share it with the media, business groups and government officials."

The New York Small Business Indicators Index will measure business owners' confidence in the economy and in their own companies and track trends in pricing, hiring, financing, marketing, and technology investment. The Index will also gauge business owners' satisfaction with the level of assistance that they are receiving from government agencies. To date, Axxess Business Centers has gathered close to 2,000 small business owners on its survey panel.

Here are the results of Axxess Business Centers' survey conducted last month:
  • More than 54 percent of companies surveyed said that they had less confidence in the economy than they did a month ago.
  • Close to 53 percent said they felt that the outlook for their business was better than it was the month before.
  • Eighty-three (83) percent said they were not planning to hire any new employees.
  • Close to 70 percent said they were not planning to seek additional bank financing or venture capital.
  • More than two-thirds (68 percent) said they were not planning to purchase new equipment or technology.
  • Only 32 percent said they were planning to launch any new marketing or public relations campaigns.
  • Seventeen (17) percent said they were going to raise their prices; 32 percent said they planned to lower them, and 51 percent said they planned to hold prices steady.
  • More than 70 percent said they were holding receivables longer than they were a month ago.
  • Close to 45 percent said they were bringing more work in house instead of outsourcing it.
  • Only 10 percent said they felt that the government is giving their businesses the help they need.
    • "The New York City small business community has shifted into survival mode," Resnick said. "It's clear that small companies are having to do more with less in order to survive in New York's recessionary economy."

    Founded by Rosalind Resnick, one of America's most successful women entrepreneurs, Axxess Business Centers is a for-profit company dedicated to empowering the nation's small business owners and millions of other aspiring entrepreneurs to realize the American dream of financial independence and success by providing them with one-on-one consulting services delivered by experienced entrepreneurs through a nationwide chain of storefront centers conveniently located in major metropolitan markets. Resnick, a former business and computer journalist, built her previous company, NetCreations, Inc., from a two-person home-based startup to a public company that generated $58 million in sales in 2000 and sold it to a European marketing conglomerate for $111 million in 2001.

    For more information about Axxess Business Consulting, check out our Web site at www.abcbizhelp.com or visit our store at 128 Chambers Street between Church and West Broadway.

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