The problems and financial situation of small businesses in the U.S.

Pavel Prikhodko, Ph.D. Machine Learning

According to a survey on small business owners’ assessments of their company’s current financial situation in the United States, in the first quarter of 2017, about 71 percent of small business representatives stated their business was in a good or better financial situation. At the same time, around 17 percent of small business owners said that their business was in a “neither good nor poor” financial situation, while the percentage of the small business representatives who stated that their financial situation was poor or even very poor amounted to 11 percent.

Just to compare, in the fourth quarter of 2016, about 15 percent of small business owners said that their financial situation was poor or very poor. The rate of owners who stated that their business was in neither a good nor poor financial situation amounted to 18 percent. About 66 percent of the surveyed owners said their business was in a good or better financial situation.

enixaki_0

In May 2017, the NFIB conducted a survey showing the U.S. small business optimism outlook. According to the survey published at Statista.com, about 34 percent of the surveyed small business owners thought they would see job openings in the coming three months. Around 39 percent of the surveyed small business owners expected the economy to improve, while 28 percent of small business representatives planned to make capital outlays.

ehitasu_0

Taxes are the most important problem for small businesses in the United States, named by 22 percent of respondents. Meanwhile, 19 percent of respondents stated that the most important problem for small businesses was the quality of labor — 9 percent of respondents named poor sales as their biggest issue.

azodiso_1

Discuss this article on our forum with over 1,900,000 registered members.

About Pavel Prikhodko

Pavel Prikhodko, Ph.D. Machine Learning

Pavel has worked for many years as a researcher and developer on a wide range of applications (varying from mechanics and manufacturing to social data, finance and advertising), building predictive systems and trying to find stories that data can tell.

In his free time, he enjoys being with his family.

Other posts by Pavel Prikhodko:

One thought on “The problems and financial situation of small businesses in the U.S.”

  1. According to the survey published at Statista.com, about 34 percent of the surveyed small business owners thought they would see job openings in the coming three months. Around 39 percent of the surveyed small business owners expected the economy to improve, while 28 percent of small business representatives planned to make capital outlays.

    It will be interesting to see what these business owners think if they were too optimistic in 2017. Did they actually increased sale, expanded their business, or made capital outlays, etc.

Leave a Reply

Your email address will not be published. Required fields are marked *