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BizReport : Research : October 12, 2016

Survey's ID SMB concerns leading up to election

Heading into the November election, small businesses continue to watch with interest to see which candidate will win the vote. Two recent Manta surveys identify areas of concern to small businesses.

by Kristina Knight

First, benefits. Manta's experts polled more than 600 SMB owners and found that while most (70%) do not currently offer family leave, but nearly all (86%) say they would offer leave if the government could help to subsidize the benefit. As to the duration, about one-third (39%) support a family leave of up to 6 weeks while 17% say they would support leave of up to 12 weeks.

The poll also found that of those who already offer paid family leave, nearly half (47%) offer up to 12 weeks with 41% offering more than 12 weeks of paid leave.

In a separate poll, researchers asked about FOMC interest rates, which remained unchanged after a September Fed meeting; some experts suggest and increase in those rates will be coming as soon as December. Most SMB owners (74%) polled said they were not in favor of a rate hike, with about half believing higher interest rates would impact their businesses negatively. Just over one-third (35%) say they are unsure how a rate hike would affect their businesses.

The poll also found that nearly half (40%) of SMB owners believe a rate hike would decrease customer spending, which would also impact their ability to grow their businesses.

Tags: Manta, small business trends, SMB concerns, SMB tips, SMB trends

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