According to the initial findings from the latest survey currently underway of privately-held businesses by the Pepperdine Private Capital Markets Project, conducted with the cooperation of Dun & Bradstreet Credibility, nearly half of small businesses (40.7%) say they will hire in the next six months compared to 38.1% who say they do not plan to hire and 21.2% who don’t know.
The poll of 7,502 small businesses (revenues of less than $5 million dollars) in the U.S. also found that economic uncertainty (38.2%), followed by access to capital (26.0%), and government regulations and taxes (24.2%) are the top three issues small businesses face today.
Small businesses should be a top consideration as the President and other legislators seek to jump start job creation. Establishing market confidence, improving access to capital and improving regulatory and tax structures are the most direct route to end the Great Recession and spark the Great Recovery.
According to the study, small businesses said that of those policies most likely to lead to job creation in 2012, “increased access to capital” emerged as #1 (34.8%) followed by tax incentives (23.2%), and regulatory reform (18.3%).
This research on small business is deserving of attention precisely because it strips away all the noise and clutter we hear in the news and uses objective research criteria to tell us why small business owners are not hiring: the answer is access to capital.
STRADA Capital continues to lend and provide leadership in this area. Let me know how I can help your business.