Source: Small Business Trends
Despite the economic downturn and the huge disruption to industries, small businesses are expressing optimism about recovery. Not only do they feel optimistic about the future but 82% of entrepreneurs now feel better prepared to handle a crisis.
This was the finding of a new survey from American Express, which confirms the resilience of the US’s small business community.
The ‘Entrepreneurial Spirit in the United States Remains Strong’ report surveyed 1,000 small to mid-sized business owners. It also reached out to 1,000 consumers.
81% of the small business owners polled believe the benefits of running a business still outweigh the challenges. 89% of respondents cited financial stability as the leading benefit of owning a business. This was quickly followed with being your own boss as a primary advantage of running your own business. 86% if those polled said the key reward was turning a passion into a business. 85% said it was creating jobs. The same figure said their number one benefit is having the flexibility to set their own hours.
Author: Scott Meister, CPA
I help small businesses, accountants, bookkeepers, office managers, and business owners with their accounting needs. I’ve used QuickBooks since 2002 and train folks on how to use it efficiently. I create high-quality video training tutorials for QuickBooks and post them on QBScott.com.
Certifications include: Certified Public Accountant (CPA) | Certified Bookkeeper (CB) | Advanced Certified ProAdvisor for QuickBooks Desktop | Advanced Certified ProAdvisor for QuickBooks Online | Certified ProAdvisor for QuickBooks Enterprise | Certified ProAdvisor for QuickBooks Point Of Sale