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SMBs Optimistic, But Leery of Cloud Costs

Small businesses seem generally optimistic about the future but they do see hurdles associated with implementing new technology. 

According to a recent poll of small/medium size businesses from Right Networks, over 76 percent of respondents felt encouraged about the prospects for new business, with 59 percent of respondents planning to add jobs in the next six months.

Over half (51%) of the respondents in the survey indicated they had reason to feel “cautiously optimistic” about their business while another 48 answered with even more enthusiasm, choosing “confident/bullish” as a response.

When asked to rate their confidence level in the economy compared to six months earlier, 61% responded that they were at least “moderately confident” while another 32 respondents indicated they were “very confident” in the prospects of the national economy.

“These results from the Right Networks SMB Cloud Impact survey indicate that both CPA firms and their small business clients are leveraging the cloud to build better relationships and stronger businesses as they optimistically look to the future,” said Rachel Krug, Director of Product Marketing at Right Networks.

While embracing cloud technology would seem a logical step for growing SMBs, the survey pointed to several significant hurdles in actually implementing and executing a plan. Asked to indicate the “biggest barrier” to moving their business to cloud services, for example, 21% of the respondents pointed to cost. Another 53 pointed to security concerns while 46 named work flow disruption as a problem.

“It’s clear from the survey that several concerns still stand in the way of SMBs and the leap to cloud technology that can take all of them to that next level of productivity,” continued Rachel Krug. “These results also show that SMBs are taking many factors into careful consideration before making the substantial commitment to the cloud.

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