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American Small Business Owners Anticipate Positive Growth, Despite Concerns

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New SCORE data report shows 69% of business owners are optimistic heading into the new year

WASHINGTON, Dec. 6, 2017 /PRNewswire-USNewswire/ -- SCORE, mentors to America's small businesses, has released new survey data that shows entrepreneurs remain firmly optimistic about their business growth heading in to the new year. Small business owners also expressed a few marked areas of concern around policies that favor large businesses, difficulties in finding qualified workers, and struggles to provide desirable salaries and healthcare benefits.

This infographic accompanies the latest installment of SCORE's Megaphone of Main Street data report series, which presents original, statistically-significant survey data on the American small business landscape.

Small Business Owner Sentiments Are Overwhelmingly Positive

  • 69% of all small business owners were optimistic about their growth over the next six months.
  • 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, download The Megaphone of Main Street: Small Business Jobs Report and our previously released infographic, "The Impact of the Gig Economy."

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Since 1964, SCORE has helped more than 10 million aspiring entrepreneurs through free small business mentoring sessions and educational services offered in 300 chapters nationwide. In 2016, SCORE's 10,000 volunteers provided 2.2+ million hours to help create more than 55,000 small businesses and 130,000 full-time, part-time and contractor jobs.

Follow @SCOREMentors on Facebook and Twitter.

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Betsy Dougert

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