The report examines the views and opinions of small business owners on various political issues and their impact on their businesses. The report found that small business owners are primarily focused on economic issues, such as taxes and government spending, and are divided on social and environmental issues.
Key research findings include:
- Entrepreneurs in all stages of the business life cycle were most concerned with marketing and sales, with finding new customers being the top concern.
- Other business owners and peers were the primary source of information and advice for small business owners in all stages of the business life cycle.
- Start-ups rely heavily on part-time workers and independent contractors for job creation, with only 14% obtaining financing and 35% expecting significant revenue growth in the next year.
- Microbusinesses (0-4 employees) contributed the most jobs and hired more new workers in FY 2016, but 65% of them anticipated struggling or stagnating in the next year.
The Megaphone of Main Street data report series by SCORE provides insights into small business trends and challenges in the United States. The reports cover a range of topics such as the impact of the COVID-19 pandemic on small businesses, financial management strategies, and marketing tactics. The data is collected through surveys of small business owners, providing valuable information for entrepreneurs, policymakers, and other stakeholders interested in the success of small businesses.