The chief executive officers of small, high-tech firms expect more rapid growth in the next 12 months than officers of small businesses in other industries, according to a recent survey.
The CEOs of high-tech firms expect a 36% increase in annual revenue on average, according to a survey of rapidly expanding small businesses by Coopers & Lybrand.
In comparison, the CEOs of firms that are not in high-tech fields predicted, on average, a 22% revenue increase.
To support their growth, two-thirds of the chief executives of high-tech firms plan major capital investments in the next 12 months, the survey found.