American Small Business Owners Anticipate Positive Growth, Despite Concerns
Thursday, December 7th, 2017
SCORE, mentors to America's small businesses, has released new survey data that shows entrepreneurs remain firmly optimistic about their business growth heading in to the new year. Small business owners also expressed a few marked areas of concern around policies that favor large businesses, difficulties in finding qualified workers, and struggles to provide desirable salaries and healthcare benefits.
This infographic accompanies the latest installment of SCORE's Megaphone of Main Street data report series, which presents original, statistically-significant survey data on the American small business landscape.
Small Business Owner Sentiments Are Overwhelmingly Positive
69% of all small business owners were optimistic about their growth over the next six months.
82% of millennial business owners (younger than age 35) reported feeling very or somewhat optimistic about their growth over the next six months.
Looking Ahead, Business Owners Share Similar Concerns
As a group, business owners reported concerns about the following issues negatively impacting their growth outlook in 2018:
Policies that favor large businesses (48%)
Access to capital (39.7%)
Proposed changes in healthcare (36%)
Millennials Most Concerned About Finding Qualified Workers
Above any other issue, millennial business owners were most concerned about their ability to find and keep qualified workers (41%), compared to 33% of all business owners.
On average, just 26% of millennial business owners were concerned about policies that favor large businesses, compared to 48% of all business owners.
29% of millennial business owners were concerned about proposed changes in healthcare, compared to 36% of all business owners.