Small Business Owners Are Optimistic
America’s small business owners are feeling pretty optimistic as we head into 2018.
According to a survey from SCORE, the mentors to America’s small businesses, 69% of all small business owners were optimistic about their growth over the next six months.
A full 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.
For more information on small business owner sentiment going into 2018, SCORE invites you to download The Megaphone of Main Street: Small Business Jobs Report and our previously released infographic, “The Impact of the Gig Economy.” Find it at score.org.
Copyright Today’s Credit Unions