Tag Archive for '2012 elections'

Small Business Advocate Poll: Suspend business growth plans until after 2012 election?

The Question: How likely are you to suspend business growth plans until after the 2012 election?

45% - Very likely
45% - Not likely
10% - Uncertain

My Commentary:

The U.S. economy will end the year with a GDP growth number of less than 2%. For the past decade, that would be a stellar year for Europe, but for the largest economy on the planet, that’s about half of what we’re capable of.

One of the most plausible reasons given for why the U.S. economy is still languishing is uncertainty. Businesses, especially small businesses, are uncertain about many things: debates about whether to raise taxes; the impact of the new health care law; banking industry issues; growing federal budget deficits and the national debt, just to name a few. Consequently, the logic follows, businesses are playing their risk cards close to the vest.

One of the most common predictions is that the next event that will will cause the pent-up growth pressure to break the dam of uncertainty will be changes in Washington as a result of the next election in November 2012. So we wanted to know how the members of our small business audience would respond to this question: “How likely are you to suspend business growth plans until after the 2012 election?” Frankly, the results were a little surprising.

Those who were “very likely” to postpone growth plans until after the election came in at 45% of our sample. And those who were “not likely” to suspend growth plans came in at the exact same number - 45%. 10% were “uncertain.”

Even though our unscientific online poll didn’t produce the numbers that conventional wisdom would seem to indicate, it is still significant that essentially half of our respondents were putting their growth plans on hold for another year. Plus it corresponds with my earlier point about the economy doing about half as well as it should be.

Check out my recent audio commentary on small business growth plans for 2012. Listen or download.

For more great SBA content, click HERE!

To take this week’s poll, click HERE!

Small Business Advocate Poll: Who will have the most impact on 2012 elections?

The Question: Which group will have the greatest impact on the 2012 presidential and congressional elections?

11% - The “Occupy Wall Street” protesters
89% - The national “Tea Party” movement

My Commentary:

The last time America had two seemingly grassroots groups protesting simultaneously on a national level was probably when women’s suffrage and prohibitionists shared the national stage. A century later, their 21st century protesting successors are the Tea Party and Occupy Wall Street.

It’s interesting that these two groups are being compared to each other. The Tea Party can already boast some political accomplishments. The emerging OWS is still defining itself.

We wanted to know what you think about the life and legs of these two movements, so last week we asked this question: “Which group will have the greatest impact on the 2012 presidential and congressional elections?” Here’s what you said:

Those who think the Occupy Wall Street folks will make the greatest impact came in at 11%, while the rest, 89%, said they believe the Tea Party will stir up the most trouble between now and next November.

There are similarities between these groups, but there are also significant differences. Look for my take on this next week, including the connections to Main Street small business.

Recently on The Small Business Advocate Show I talked more about what small business can learn from the Tea Party and Occupy Wall Street. Click here to listen or download.

For more great SBA cotent, click HERE!

To take this week’s poll, click HERE!




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