Surveys Show Small Retailers Are More Optimistic

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Several studies agree that micro-business owners are more confident and enthusiastic about their business. Reports have revealed that revenue is high and company owners are confident their firms will perform better, and America’s economy will grow in 2018.
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Several studies agree that micro-business owners are more confident and enthusiastic about their business. Reports have revealed that revenue is high and company owners are confident their firms will perform better, and America’s economy will grow in 2018. Company bosses are also creating more spots and offering more job opportunities.

According to one of the studies done by SCORE, SMBs have also expressed some areas of concern, i.e., policies favouring more established businesses, the troubles of finding competent workers, and the financial struggle of meeting desirable salaries among other primary allowances like healthcare benefits.

This data was assembled and analyzed courtesy of SCORE’s latest report series campaign branded Megaphone of Main Street data which is known for collecting original, reliable survey data on United States’ small business Industry.

The survey covered all business including those in different high-risk industries, enjoying services like high-risk ACH processing SCORE was focusing on assessing the level of morale among merchants regarding the performance of their respective businesses.

Here’s a glance through the findings of the study:

Micro-business Owners Are Overwhelmingly Optimistic
  • 69 percent of small company owners are anticipating growth over the coming six months.
  • 82 percent of millennial-owned businesses (owners 35 years old or less) expressed their hopefulness for growth over the coming six months.
Company Owners Are Facing Similar Problems SCORE also looked into the merchant’s primary concerns, and this is what business owners reported (as a group) as some of the factors that may hinder their growth in 2018:
  • 48 percent of micro-business owners feel some Policies & Regulations favour larger companies.
  • 38 percent of merchants are concerned about the difficulty of accessing capital.
  • 36 percent of retailers proposed adjustments regarding health care policies.
Millennials More Focused on Finding Competent Staff
  • On top of the millennial company owner’s list is being able to find and maintain qualified employees (41 percent for the idea compared to 33% of all micro-business owners).
  • Only 26 percent of millennial company owners were worried about the unfair policies compared to 48 percent of all small to medium business owners.
  • 30 percent of millennial small business owners proposed an improvement in healthcare policies, compared to 38 percent of all SMB owners.


  • Author Bio: Business Funding expert, Michael Hollis prides himself on being able to help the backbone of America; small business owners acquire high-risk ACH processing. When he isn't helping merchants, you're more than likely to find him scuba diving the California coast or eating at one of LA's tasty Vegan restaurants.

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