Business Trends

 

12 10 2013

12 10 2013

Small Businesses Getting A Better Handle On Economy, Health Care

Since last year, factors identified as major risks to small business owners have become less pressing. According to an annual survey by The Hartford, fewer owners were concerned about economic issues this fall than during the same time last year. For example, while 53 percent of owners considered health care costs to be a “major risk” to their business in 2012, only 40 percent felt the same way this year.

Last year, 67 percent of small business owners cited concern about slow economic growth and 59 percent felt high taxes could threaten their businesses. Both those numbers declined this year, coming to 59 percent and 42 percent, respectively. Furthermore, uncertainty with federal regulations, an issue noted by 56 percent of small business owners in 2012, was cited by only 30 percent this year.

Nearly half of small business owners – 48 percent – are optimistic the economy will strengthen next year, which is up from 33 percent in 2012.

Health care coverage

Although fewer small business owners considered health care costs to be a “major risk” to their success, many felt the expenses could affect their bottom line. The Hartford study found 42 percent of small businesses do not currently offer benefits to full-time employees, while 36 percent share costs with workers. With new health care legislation coming into effect, many small businesses may need to add coverage next year. This could prompt some owners to re-evaluate their budgets or business plans.

For those hoping to increase revenue by unveiling new products or services, a small business lender can provide financing. Although banks can be difficult and unreliable, National Funding caters to the needs of small businesses. Applications are simple and can be processed in as little as 24 hours.

Featured


  • How to use a small business loan

    5 Brilliant Ways to Use A Small Business Loan Successfully

    Small business loans are a versatile and powerful tool for many different types of organizations to draw on as they stabilize, secure and grow operations. There are many different applications for a small business loan, from industry-specific uses to very broad ones. Here's a review of some the most common and useful ways small business… […]

  • National Doctors Day March 30th

    Celebrate Medical Advancements On National Doctors Day: March 30

    National Doctors Day is a national tradition now in the middle of its 8th decade. The first was held March 9, 1933 in Georgia. Eudora Brown Almond, whose husband was a doctor, organized the day of recognition and chose March 9 because it was the anniversary of the first time that anesthesia was used in 1842.… […]

  • Small business owner salary

    How To Determine Your Salary As A Small Business Owner

    Be your own boss; fill a need in your community; determine your income; pursue your passion - there are countless reasons that inspire people to run their own business. But regardless of what prompted a person to go the route of self-employment, there's one thing every business owner must figure out: How much to pay… […]

  • Business functions simplified

    Simplify These 6 Business Functions By Moving Them To The Cloud

    As a small business owner, the more time and money you can save without sacrificing quality, the better. That's why cloud-based technologies have become so popular among business leaders. They are inexpensive, easily accessible and generally uncomplicated to use. Entrepreneur contributor Andre Lavoie pointed out that, because the cloud allows people to access files from… […]