A survey conducted by accounting firm EisnerAmper LLP found that 55% of business executives are confident that they will be “definitely” more profitable in 2020 compared to 2019. Seventy-six percent believe they will be “just as” or “even more” profitable and only 9% think they will be less profitable in 2020.
The respondents in the survey include 940 family office executives, C-suiters and high net worth individuals who attended the annual EisnerAmper Business Summit Series held in New York.
The findings also reveal the top concerns of business owners coming into the new year. Their top worry is the potential economic slowdown. This is followed by recruitment of qualified talents at 12%, cybersecurity at 10%, taxes and regulation at 9% and succession planning at 6%.
Charles Weinstein, CEO of EisnerAmper, suggested that companies should make the necessary preparations for a potential slowdown. They should take adopt a strategic approach when it comes to dealing with opportunities and challenges.
