Small business owners nationwide continue to be bullish on their own business outlook, as 67% anticipate revenue growth over the next 12 months, despite the ongoing impacts of inflation and high operating costs, according to Bank of America's 2023 Women & Minority Business Owner Spotlight. The survey of more than 1,000 small business owners across the country explores the outlook of all entrepreneurs, with specific insights on the perspectives of women, Black, Hispanic-Latino, and Asian American and Pacific Islander (AAPI) business owners around access to capital, business outlook, work-life balance and community support. Notably, the new study found that economic confidence has dropped since last fall, as 34% of entrepreneurs believe the national economy will improve over the next 12 months (down from 44%) and 77% of small business owners plan to obtain funding for their business, down from 83% in Fall 2022.