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BizReport : Ecommerce : January 20, 2015


Survey: SMBs optimistic about economy, not government leaders

Small businesses are excited about the 2015 economy but worried what will happen when the next Congress takes its seats. That's the takeaway from a new survey out from Endurance International Group. Their survey of more than 800 US-based SMBs finds most (66%) are optimistic about 2015 but 69% are 'skeptical' about government leadership.

by Kristina Knight

Some interesting takeaways from the survey include:

• 87% of SMBs feel Congress 'has not been effective' in addressing their concerns
• 74% believe Congress 'should play a larger role' in growing small business
• 61% say tonight's State of the Union address 'will have little impact' on their 2015 plans

As for the most concerning issues about half report tax code reform and the ability to get bank financing is at the top of their list of concerns. Healthcare reform was found to be a concerning issue for about one-third of respondents.

"US small businesses are the backbone of our economy and ensuring their continued growth and success is critically important to driving our country forward," said Hari Ravichandran, CEO and Founder, Endurance International Group. "Our survey shows that while small businesses remain upbeat about the future, concerns about tax code reform and bank financing remain top of mind. It's clear that our leaders in Washington need to keep small business at the top of their list of priorities when thinking about ways to create lasting economic growth."

The State of the Union Address will be televised Tuesday, January 20, 2015, at 9:00 PM ET.






Image via Shutterstock

Tags: Endurance International Group, small business trends, SMB trends, State of the Union Address








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