“Small business owners, who are optimistic by nature, are still taking a highly cautious view of the economy and their personal business prospects,” said John Paglia, associate professor of finance and founding director of the Pepperdine Private Capital Markets Project. “The ‘foxhole mentality’ among small business owners to dig in and stay low has the potential to slow the still - fragile recovery.”
The research was based on the responses of 2,713 small business owners.
- What Recovery? Small Biz Owners Pessimistic About the Future, BusinessNewsDaily.com, March 27, 2013.
3. Cavaliers coach David Blatt got right to business Saturday in his first NBA practice after two decades working overseas.
“I’m a basketball coach, and I do it with passion and with pleasure,” Blatt said. “This isn’t intimidating to me at all. It’s an honor to coach such a great group of players.”
It helped, of course, that four-time MVP LeBron James, All-Star power forward Kevin Love and All-Star point guard Kyrie Irving were on the court as Cleveland opened training camp.
Instead of running a rebuilding project like most first-time NBA coaches, Blatt is leading a team with legitimate championship hopes.
“It beats the alternative of not having me, Kevin and Kyrie,” James pointed out. “It’s going to be tough no matter what, but Coach is very efficient and he’s going to see how we come together.”
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