In News Roundup

The 2016 Small Business Outlook: A Bright Future Ahead

The future is looking great for American entrepreneurs and small business. According to a study released by Manta, in which 1,107 small business owners were polled, merchants were asked to evaluate their businesses’ performance in 2015 and to report what they expect to accomplish in the coming year.

The 2016 Small Business Outlook: Key Findings

  • 83% of U.S. entrepreneurs are optimistic about business prospects in 2016
  • 39% of U.S. entrepreneurs plan to hire in the first half of 2016
  • 29% of U.S. entrepreneurs cited lack of capital as their top concern at the end of 2015
  • Only half of the entrepreneurs surveyed had any type of marketing, business, or growth plan for their business

Entrepreneurs surveyed were also asked to gauge how they think the political landscape would affect their business in the coming year. The biggest issues facing merchants include an unstable global economy (29%), followed by quality of partnerships and vendors (25%), healthcare costs (22%), presidential results (12%), and the rising minimum wage (11%). As a result, these small business owners will be looking to government leaders more than ever for support on tax law changes, understanding of small business challenges and development, the promotion of the importance of small businesses, programs that connect small businesses with quality partners, and improved funding and financing programs.

And that’s not all: a small business advocacy bill is being put before Congress that may come into law this year.

We love to see this kind of optimism and growth in the small business community. It’s a great indication of how American businesses are performing, and how entrepreneurs are feeling as they come into a new fiscal year.

Team Herio is looking forward to helping our small business customers achieve their goals with easier access to working capital in 2016. It’s going to be a banner year for small business in the U.S., and we’re ready to help make it happen.

For the full survey, click here.

Recommended Posts

Leave a Comment