Small business crystal ball: Don't look for boom in 2016

Don't look for a small business boom in 2016.

Companies in some industries and in certain parts of the U.S. may have a strong year, but overall, small businesses can expect a continuation of the slow, uneven growth they experienced in 2015.

Surveys show owners generally have lowered expectations for their companies in 2016. A survey taken in November by Wells Fargo & Co. found 70 percent of owners expect their companies' financial situation to be good in 12 months, down from 74 percent in a survey during the summer. Forty-seven percent predicted their revenue would be higher, down from 51 percent.

Sluggish consumer spending, the slowdown in the gas and oil industries and the still-unpredictable housing market are expected to keep companies cautious. Uneasiness about possible terror attacks also is likely to add to the uncertainty.

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