First, I wanted to thank you for your amazing response. We have been running this survey for many years now and the participation level form this survey was outstanding. We decided to professionalize the process by using the Cvent Survey Technology, which from your participation level, you approve of. We hope the new format and results will really add value for your time. Over the next several quarters we will be able to provide some rather amazing new ways of looking at the data. As we introduce the new perspectives on the data, we will give a brief contextual description of the view.
For now, lets get right to the results!
The last quarter of 2009 was a bit better than the three previous quarters in a number of ways. However, the number of companies that have closed or merged has become alarming. Clearly, even some of the strongest names are being impacted depending on the level of debt and the strength of their balance sheets going into this downturn. Hopefully the last quarter’s GDP "gain" holds and builds into the first half of this New Year. For profitability, the results indicate 47.53% had profit slightly better then the previous survey. We would hope with all the stimulus this number would have improved.
Regarding the question that deals with finding employees, understandably the need for finding workers has been reduced, but can still be a concern. This question was revamped by adding in Social Media as a category. It is interesting to point out the difference in response from this survey to last. Clearly, the use of online methods to finding workers is increasing in importance.
How has business been over the last few weeks? This question may help shed some light on this coming quarter’s profitability. Looking at the results: 23.89% had an increase, 39.82% stayed the same and 36.28% showing a decrease in sales. Comparing to the previous survey, the percent of companies with sales decreases stayed roughly the same. Improvement came from those that had indicated they had stayed the same the previous quarter.