What's it like out there for growing private companies?

The Pulse of the Private Company Experience

 

Small to mid sized Main Street private firms are fueling the growth of the American economy, a phenomenon that is similarly happening in many other regions throughout the globe.

 

The PCI is committed to representing this group of companies (along with their challenges, frustrations, and general views) to the capital investment community. This representative portfolio of private firms is the critical roadmap the financial community needs to both understand the needs of financing private companies....and to reach them.

 

This brief series of data points will be surveyed each quarter so historical trends can be charted on these key business metrics.

Q4 '07 & Q1 '08 Private Company Data Trends & CEO Sentiment :

 

Highlights -

CEO reports indicate more negative sentiment than seen before in PCI polls:

- The percent of CEOs feeling negative about the coming business climate nearly quadrupled; from 7% after Q3 to 27% following Q4.

- The percent of CEOs who feel like the availability of capital and debt will be "tight" in the coming period nearly doubled with a move from 20% in Q3 to 39% in this recent poll.

Employment data reflects a hiring slow-down:

- Only 55% of CEOs say that are currently hiring full-time employees. This number is at a record low for the PCI, which had previously never reported fewer than 87% currently hiring.

- The good news is that they are STILL hiring, just not at the high rates experienced in 2007. For the first two months of 2008 the average NET change in full-time employee is +5.

 

Download the full PICTORAL Q4 2007 data summary.