Small Business Data

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Survey Respondents on Small Business Issues

Survey Date Labor Markets Capital Sales General Outlook Data
SBET February 2016 February 2016
  • 42% of businesses in the survey report few or no qualified applicants for a position that they were trying to fill
  • 4% of small business owners surveyed reported that company borrowing needs were not met
  • 11% cite weak sales as their principal business problem
  • Spending and hiring plans fell as expectations for growth in real sales volumes declined

(N=2194, Data was obtained from membership files of the NFIB)

Small Business Owner report

Fall 2015

  • 67% planned to hire 12+ employees within 2015
  • 46% of small businesses surveyed cite credit availability as their primary concern
  • 28% of businesses say they will use recently acquired funding to develop a new product or service within the next year
  • 56% say they expect the US economy to improve within the next 12 months
  • 72% of small businesses expect their revenue to increase for the year
(N=1,001 small business owners in

the US with annual revenue $100,000<x<$4,999,999 and employing between 2<x<99 employees)

WellsFargo survey

January 2016

  • 26% of small businesses expect to hire in Q1 2016
  • 66% of businesses expect the number of jobs to stay the same
  • 11% of businesses say that hiring and retaining qualified staff is their most pressing problem
  • 19% of businesses responded that obtaining credit was difficult
  • 5% of say cash flow and financial stability as the company's biggest problem
  • 4% of businesses surveyed speculate credit availability may be prohibiting company growth
  • 14% experienced difficulty attracting customers in Q1 2016
  • 38% of businesses surveyed stated a positive revenue increase in Q1 2016
  • 67% of small businesses regard their financial situation as good or very good in Q1 2016
  • 71% expect a positive financial future within the next 12 months
  • 8% of small businesses say that the economy is the principal problem their business is facing
(N=600 small business owners in Q1 2016)
WSJ survey

January 2016

  • 54% of businesses surveyed said they expect firm size to increase
  • 40% of businesses reported that they expect their firm's fixed investment expenditures to increase during the next 12 mo.
  • 73% report an expected sales increase within the year
  • 54% of firms expect their profitability to improve
  • Investments in new plant and equipment have fallen to their lowest level in more than two years
  • 20% of firms expect the economy to worsen in the year ahead—the highest level in more than two years.
NY Fed Survey

2014

  • 27% of businesses reported an increase in their full time staff
  • 15% reported a decrease in their full time staff
  • 58% of respondents reported no change in their employee base
  • 23% of businesses reported 10-25K of debt
  • 62% of businesses had applied for <100K of financing
  • 41% responded they'd sought financing from a large regional bank
  • 35% of respondents reported increasing revenues and positive profitability
  • 23% of businesses said they'd experienced difficulty in attracting customers
  • 29% of businesses reported personal savings as their primary financing source
  • 29% of businesses operated at a loss
  • 13% of respondents said the increasing costs of running their business was their principal concern

10 states of coverage: Alabama, Connecticut, Florida, Georgia, Louisiana, New Jersey, New York, Ohio, Pennsylvania, and Tennessee with businesses <500.

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