More Small Business Owners Are Optimistic About Economy; Remain Conservative About Risks in Business
The Hartford 2013 Small Business Success Study, which surveyed 2,000 small business owners and is one of the most comprehensive studies of its kind, reveals that small business owners may be taking a more conservative approach to running their businesses despite more feeling optimistic the economy will strengthen this year.
- Slow economic growth, taxes and healthcare costs continue to top the list of major risks to small businesses this year.
- However, fewer small business owners cited those factors as major business risks than last year.
- Taken together, it suggests they’re adjusting to a new kind of economic climate.
The study also reveals:
- Many small business owners say they have not taken more risks over the past six months.
- Factors that contribute to their business success are shifting.
- Most small business owners at least somewhat informed on Affordable Care Act, but split on its impact.
More on how business owners are responding to today’s economic realities:
However, they feel these are major risks because they could significantly impact their bottom line.
Additional Success Study information:
Small Business Pulse, a survey conducted in 2012 by The Hartford revealed that female small business owners feel more confident in the success of their business than their male counterparts and take a more cautious approach to business risk.
Gene Marks: Success in Today's Economy
Hartford vs. the Nation
Fewer small business owners in Hartford, CT, are optimistic about
the local economy as compared to peers across the country.