Small business owners are quickly losing economic confidence as cash is not flowing. Overall, there is a glum outlook on the holiday season with a mere 11% expecting to see more business this year over last. The Discover “Small Business Watch” index declined from 88.5 in October to 76.5 in November. About 52% of owners say they have experienced cash flow issues in the past 90 days, up from 44% in October. Forty-one percent of owners say they have not experienced cash flow issues, which is the lowest response in this category since the Watch began. The remaining 6% said they werenât sure. Discover also found that 24% of small business owners say that they extend credit to customers and 73% of those that extend credit say that they have customers who have delayed or asked to delay a payment in the last three months. This is largely unchanged from December 2008 when 25% said they were extending credit and 72% said that they had customers who delayed or asked to delay a payment. Finally, 53% of small business owners think the overall economy is getting worse, up from 44% in October but still significantly lower than the 69% of owners who felt that way in February 2009.