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Small Business Advocate Poll: Small Business Prospects over the Next Four Years

The Question:
Please tell us how you feel about the prospects for your small business over the next four years based on the influence of this one fact: President Obama has been reelected.

14% - This result will be good for my business.

68% - This result will not be good for my business.

16% - It’s too soon to tell.

My Comments:
For the past four years, we’ve polled small business owners about their prospects during and following the Great Recession. We’ve also asked what they think about President Obama’s policies. Based on our polling, as well as other surveys result I’ve reported on my radio program, the majority of small business owners are not pro-Obama.

Nevertheless, with Obama’s 2nd term now a reality, we wanted to know how small business owners feel about this, so in our most recent poll we asked this question: “Please tell us how you feel about the prospects for your small business over the next four years based on the influence of this one fact: President Obama has been reelected.” Here’s what we learned:

Those who said, “This result will be good for my business,” represented 14% of our sample, with 16% reasoning that, “It’s too soon to tell.” But the big group - 70% - allowed that, “This result will not be good for my business.”

As I predicted last January, I still believe small business owners will not hold up growth plans for four more years regardless of who wins the election, but our survey would indicate that they will pursue opportunities with great caution and judiciousness, which I fear will not contribute to rapid economic recovery in 2013.

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This week on The Small Business Advocate Show, I talked more about the new issues small businesses will have to deal with in the new normal of the next four years, including many new regulations, diminished privacy and U.N. influence. Click here to download or listen.

Check out more of Jim’s great content HERE!

Take this week’s poll HERE!

Watch Jim’s videos HERE!

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