Survey Says: Majority of Small Business Owners Would Not Start Their Businesses Today
The survey, conducted by the National Association of Manufacturers and the National Federation of Independent Businesses, says quite a bit about why America's economy is so stagnant.
The poll, conducted by Public Opinion Strategies (POS), surveyed 800 small business owners, manufacturers and decision-makers at small and medium-sized companies, with a majority (55 percent) saying the national economy is in a worse position compared to three years ago. Among the chief factors survey respondents cited were federal regulations, taxes, government spending and the cost of health insurance and energy.
Key survey findings include the following:
- 67 percent say there is too much uncertainty in the market today to expand, grow or hire new workers.
- 69 percent of small business owners and manufacturers say President Obama’s Executive Branch and regulatory policies have hurt American small businesses and manufacturers.
- 55 percent say they would not start a business today given what they know now and in the current environment.
- 54 percent say other countries like China and India are more supportive of their small businesses and manufacturers than the United States.
“Manufacturers have told policymakers in Washington time and again that uncertainty and a negative business environment is turning the American Dream into a nightmare,” said NAM President and CEO Jay Timmons. “The findings of this survey show that manufacturers and other small businesses have a starkly negative outlook for their future—with good reason. There is far too much uncertainty, too many burdensome regulations and too few policymakers willing to put aside their egos and fulfill their responsibilities to the American people. To fix this problem, we need immediate action on pro-growth tax and regulatory policies that put manufacturers in the United States in a position to compete and succeed in an ever-more competitive global economy.”
Business owners recognize that Obama's policies are strangling them and the larger economy. But it's not evident that the rest of the country gets this, or cares.