Small and Mid-Sized Businesses Optimistic About 2006

Updated on Thursday, December 15th, 2005 at 10:50 am

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Bainbridge Island, Washington - (Cheap Web Hosting Directory) - December 15, 2005 - Small and mid-sized businesses (SMBs) are coming off a year of solid performance, and most of these SMB owners expect an even better year in 2006. The information is based on a just-completed survey of 12,000 owners and operators by Avalara.

Seventy-Four percent of respondents to Avalara’s web-based survey feel that the U.S. economy was strong in 2005, and 72 percent think that the US economy in 2006 will be better than 2005. Avalara - the SMB sales tax solution provider - commissioned the survey to look at SMB-market business performance in 2005 - and to anticipate SMB business performance in 2006.

Avalara also asked these SMB business owners and operators to rate their own businesses, and found that they were more upbeat about their own performance than they were about the national economy. Of those who took Avalara’s survey, 84 percent say that their own business did better in 2005 than it did in 2004, and an equal number saw their business again improving in 2006 over 2005.

According to Avalara Chairman and CEO Jared Vogt, ”SMB-market business owners seem remarkably upbeat about the American economy. Because we are the only SMB-focused sales tax calculation service, it’s important to know what our clients and prospects think of the economy in general, and their own business in particular.”

Mr. Vogt added, ”This is a strong indicator of our own growth. Since we serve our clients on demand, on a per-transaction basis, both of these are significant for Avalara. For Avalara, growth has been dramatic in 2005 - the company has grown from little more than a visionary start-up a year ago into a company that had more than 1,400 licensed users at the start of December, and expects to finish the year with more than 1,500 client licenses outstanding.”

The Avalara survey was conducted during the last half of November, using research tools provided by Zoomerang.com.

”Because we provide our services in a web-based, on-demand environment,” Mr. Vogt said, ”we chose to conduct our survey online as well.”

Avalara’s survey used a contact base of more than 12,000 opt-in registered SMB-market business owners and operators, and achieved a nearly one percent response rate.

To learn more about Avalara, please visit: www.avalara.com.

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