U.S. Small Business Owners Have Positive Economic Outlook for 2015

Press release from the issuing company

Tuesday, January 20th, 2015

Endurance International Group today released the results of a survey of its U.S.-based small business customers. The survey found that 66% of small business owners have a positive economic outlook for 2015 as compared to 2014. However, a majority (69%) remains deeply skeptical that the new leadership in Congress will be able to address issues important to small businesses. 

The results of the survey, released on the eve of President Obama's sixth State of the Union address, reveal that while 87% of U.S. small businesses feel that Congress has not been effective in addressing issues important to small businesses, 74% believe that Congress should play a larger role in helping grow U.S. small businesses. A majority (61%) of small business owners do not believe that the President's State of the Union address will have significant impact on their business planning for 2015. 

Asked to rank key issues important to small businesses, survey respondents ranked Taxes as well as their Ability to Obtain Bank Financing as their top two concerns. On other key policy issues, 55% of survey respondents said Tax Code Reform also "Impacts my business significantly." Survey respondents were mixed on the impact of Healthcare Reform, with 37% responding that it "Impacts my business significantly," 36% responding "No Impact" and 27% responding "Impacts my business in minor ways." 

The Endurance customers surveyed, all of whom have web presence solutions from the company, regard Net Neutrality as an important issue. 49% responded that Net Neutrality "Impacts my business significantly." Additional survey results can be found in the chart below and online here.

Endurance International Group is a leading technology provider of cloud-based platform solutions to help small and medium-sized businesses succeed online. Endurance, through its family of brands, supports more than 3.8 million subscribers globally. 

"U.S. small businesses are the backbone of our economy and ensuring their continued growth and success is critically important to driving our country forward," said Endurance CEO and Founder, Hari Ravichandran. "Our survey shows that while small businesses remain upbeat about the future, concerns about tax code reform and bank financing remain top of mind. It's clear that our leaders in Washington need to keep small business at the top of their list of priorities when thinking about ways to create lasting economic growth." 

Endurance conducted its survey of 850 U.S.-based small businesses from January 7 to January 15, 2015. For purposes of this survey, small businesses are defined as employing 10 or less people on either a full-time or part-time basis.

Survey Results

QUESTION POSED

RESPONSES

 

 

What is your general business outlook for 2015?

Very Positive: 26%

Positive: 45%

Neutral: 25%

Negative: 4%

Very Negative: 1%

 

What is your general business outlook for 2015 
in comparison to 2014?

 

 

Positive compared to 2014: 66%

Negative compared to 2014: 5%

Same compared to 2014: 29%

 

 

Do you plan to hire employees in 2015?

 

No: 73%

Yes: 27%

 

 

 

Do you plan to make any financial investments, such 
as investments in developing new products, buying 
materials or real estate, in your business in 2015?

 

 

No: 54%

Yes: 46%

 

 

Do you feel that the Congress is effective in 
addressing issues important to small businesses?

 

 

No: 87%

Yes: 13%

 

 

Do you feel the new leadership in Congress will be 
more effective in addressing issues important to 
small businesses?

 

 

No: 69%

Yes: 31%

 

 

Do you think Congress should play a larger role in 
helping small business growth in the United States?

 

 

No: 26%

Yes: 74%

 

 

Who do you believe plays the most significant role in 
helping your small business succeed? 

 

 

Governor: 18%

Local mayor: 3%

Local city/town council representative: 8%

A local business organization: 21%

None of the above: 50%

 

 

 

Please rank, in order of importance, what issues you 
feel are most important to small business

 

1.     Taxes

2.     Ability to obtain bank financing

3.     Ability to hired skilled workers

4.     Healthcare coverage

 

Net Neutrality

 

Impacts my business significantly: 49%

No impact: 24%

Impacts my business in minor ways: 27%

 

 

 

Tax Code Reform

 

Impacts my business significantly: 55%

No impact: 14%

Impacts my business in minor ways: 31%

 

 

 

Healthcare Reform

 

Impacts my business significantly: 37%

No impact: 36%

Impacts my business in minor ways: 27%

 

 

 

Immigration Reform

 

Impacts my business significantly: 17%

No impact: 64%

Impacts my business in minor ways: 19%

 

 

Do you feel that President Obama has been an 
effective leader on issues important to small 
businesses?

 

 

No: 48%

Yes: 31%

Don't Know: 21%

 

 

Which political party do you feel best represents and 
advocates for small businesses in America?

 

 

Democratic Party: 25%

Republican Party: 20%

Neither Party: 55%

 

 

Do you think the President's State of the Union 
address will have significant impact on your small 
business or your business planning for 2015? 

 

 

No: 61%

Yes: 9%

Don't Know: 30% 

 

 

Will you watch the President's State of the Union 
address? 

 

 

No: 44%

Yes: 57%

 

*Due to rounding, numbers may not add up to 100%.