Spencer Authors Portland Business Journal Q&A About Client Optimism
Lane Powell Shareholder Cliff Spencer authored a “Party of Four” Q&A column in the April 15 issue of Portland Business Journal. He answered the question “Are your business clients feeling more upbeat?” Spencer expressed a general feeling of guarded optimism among his clients.
Most clients expect the economy to improve in 2011, with the most notable improvement realized in the second half of the year. Many clients recognize that 2011 will present unique opportunities for certain industries to expand market share and geographic presence through acquisition or organic growth. However, access to capital remains a concern, particularly for those businesses that are less established or have posted only marginal operating profits the past few years, and it will continue to be an integral factor in businesses’ ability to capitalize on opportunities in 2011.