Thursday, October 28, 2010

Small Business Management Anxiously Awaits Election

While many small business managers are reading mixed signals from the current economy, it seems they are anxiously awaiting the November 2nd election. According to a recent survey, 49 percent of small business owners would vote Republican if the election were held today. 38 percent said they would vote Democrat. Why the difference, it seems that many small business managers don’t feel the current administration is doing what’s necessary to help small business stay competitive and higher more employees. 

Although congress did recently pass H.R. 5297, the Small Business Jobs and Credit Act of 2010, small business managers still feel Washington is out of touch. Many small business managers may not be aware of the recently passed bill and what it may be able to do for them. Although the bill is labeled for small businesses, it contains tax cuts and credit opportunities for much larger businesses as well. 

Another recent survey, by business management software company Sage Group, said 77 percent of small businesses surveyed are either unsure when the economy will improve or don’t expect improvement in the next year. That’s yet another reason why small business management may turn up in the election booths to vote for change in Washington. 

Hopefully once the election is over and we all have a better idea of who will be creating economic policies and the types of policies they will be making, small business management will be more willing to invest in their companies. Many managers feel the future is too uncertain to invest and therefore would rather play it safe and wait a few more weeks to see how things play out.

You can read more about these two survey’s here:

Hopefully you enjoy these surveys and this small business news article. If it was useful to you, please send it along to your colleagues using one of the social media or email links below. Also, post a comment if you have any questions or thoughts. Thanks!

(Image: Some rights reserved,  John Lee.)

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