Study Shows Entrepreneurs Have Self Confidence
The annual �Voices of Small Businesses and Accountants
Study,� by the maker of Quicken and QuickBooks financial
software, reported some very interesting and revealing
information about our country�s entrepreneurs.
Here�s a rundown on what they found:
- During the past year, 64% of small businesses and 73% of
accountants have invested money in their operations.
- The most common investments were additional advertising
or marketing at 40%, new employees at 25%, and new
technology at 23%.
- The biggest challenges facing small businesses
� according to their
owners � are generating
new business and revenue streams, rising insurance costs,
and keeping up with competitors.
- 75% of small business owners work with certified public
accountants. Of those, 78% seek help with taxes and 37%
obtain bookkeeping services from their CPAs.
Editor�s note: It�s interesting to see from this
study the important role a trade exchange can play in the
life of a typical small business.
For example, their most common �investment� was for
additional advertising and marketing. As a trade exchange
member, you know that acquiring these desired services on
barter is certainly a much better value than buying them
Even the biggest challenges of generating new business
and revenue streams are addressed, because a trade
exchange�s major focus is providing a unique conduit for
additional business and increased cash-flow ... via trade
dollars earned and cash saved.