Business Trends


10 09 2014

10 09 2014

Majority Of Small Business Owners Satisfied

From obtaining a small business loan to hiring on new staff, there’s no doubt running a business can be hard work. However, a recent study showed that the majority of U.S. small business owners are satisfied with their professional endeavors.

A recent Wells Fargo/Gallup survey discovered 56 percent of small business owners described themselves as either extremely or very satisfied with being an owner, up from 45 percent in 2010.

At the same time, the number of small business owners who said they feel extremely or very successful fell to 37 percent – the lowest figure in a decade.

“One explanation for this paradox may lie in the fact that small business owners tend to like the basic lifestyle and self-sufficiency that come with being an entrepreneur, and therefore may tend to be satisfied even when they don’t perceive themselves as particularly successful,” stated a release from Gallup regarding the survey. “Over 4 in 10 say that the most rewarding thing about starting and running their business is being their own boss and being independent – by far the most frequently mentioned response to this open-ended question.”

The third most popular response, given by 12 percent of those surveyed, was having flexible schedules and being able to spend more time with family.

With the impact of recession on business, it’s understandable that the number of U.S. small business owners may feel they’re not reaching their full potential of success. However, another recent report, this one released by Bank of the West, shows the number of small business owners who feel their career has resulted in greater financial security is growing.

This survey discovered 73 percent of small business owners believe running their own business has improved their financial well-being. This would explain why 92 percent of respondents said they have no regrets, while 88 percent said they would do it all over again if given the chance.

The right funding for success

As every small business owner knows, working capital is key to business success. For owners who feel like they are not as successful as they could be, now might be the time to explore different options for pumping needed cash into an operation.

Whether it’s a business merchant cash advance or a working capital loan, business owners can accomplish more with higher cash reserves, including enhancing marketing efforts, obtaining required equipment, hiring on new employees and more.


  • National walk to work day - 1st Friday of April

    National Walk to Work Day – 3 Benefits for Small Businesses

    Walking is a simple, low-impact and effective form of exercise. When it's paired with a task, like walking to work, the benefits increase: Not only do business owners and staff get some extra physical activity, they also cut down on the environmental impact of driving to work. Taking the pedestrian route to work also allows… […]

  • Inventory loans for small businesses

    Inventory Financing – 4 Tips To Help You Get The Most From Your Loan

    Every business that sells products must have inventory. Without it, you simply won't make a profit. However, figuring out your inventory needs can be a challenge. You want to have enough so that you never need to tell a potential customer that you're out of stock - these people could wind up visiting or buying… […]

  • National Funding Appears on the Inc. 5000 List Five Times in a Row

    National Funding makes Inc. magazine’s prestigious Inc. 5000 list five consecutive years reporting 185% growth from 2013 – 2016 for the new 2017 list. SAN DIEGO, Calif.--(BUSINESS WIRE)--National Funding, one of the country’s leading financial technology companies for small and medium-sized businesses, ranked as one of the nation’s fastest-growing private companies on two prestigious lists.… […]

  • Tech's biggest leaders can help small business owners

    What Small Businesses Can Learn From Large Tech Innovators

    What do innovators and leaders in the world of technology have in common with your business? Your immediate answer might be "not much" - these innovators lead especially large companies focusing heavily on research and experimentation with lots of outside funding, after all. However, a closer look reveals plenty of similarities between these entrepreneurs and… […]