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.