Small Business Outlook for 2014

A recent poll by Gallup and Wells Fargo shows mixed feelings on the small business outlook for 2014. About 1/4 (23%) of small business owners have a positive outlook on the future, whereas 28% are worried about the year ahead. Nearly half feel the same as they did at the end of 2013.

The survey was conducted with overĀ 600 employers having less than $20 million in revenue. Coincidentally, the survey’s outcome is nearly identical to one conducted two years ago.

Major concerns of small business owners include:

  • Overall strength of the economy (12%)
  • Obamacare (11%)
  • Federal government policy issues (11%)

“The reality is that small businesses are struggling to survive,” says Cap Wiley, owner of a small accounting firm in Rhode Island. Adding, “We need a consistent and dependable environment in which to operate that helps them grow and create jobs.”

Other small business challenges include finding new customers and business opportunities, and securing cash flow.

On the bright side, small business owners report having easier access to funding needed to start or expand their businesses.

You can read the full article by J.D. HarrisonĀ here.

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