Small Businesses Report Highest Level of Uncertainty
The U.S. Chamber of Commerce Quarter 3 Small Business Outlook Survey reports the highest level of uncertainty about the future of their businesses since 2011.
The survey, conducted in late September 2012, included 1,391 Small Business Executives (defined as executive level position in a company with fewer than 500 employees and annual revenues less than $25 mil.)
93% were concerned about the coming “fiscal cliff” (deep defense spending cuts and tax increases) 73% say the health care bill makes it harder to hire more employees, while 85% report being very or somewhat worried about the regulations, restrictions and taxes that have been put on their businesses. The 2010 health care law is most commonly cited.
Almost every small business owner (97%) surveyed reported high motivation to vote next month and 97% say that a candidate’s support for free enterprise will determine how they will vote.
For the complete summary of the survey, you can read it here: CoC Small Business Survey