Tuesday, June 4, 2013

What is Worrying Small Business Owners?

I saw a recent survey about what is top of mind for a small business owner and I almost didn’t take the time to read it.  Being a small business owner I assumed that getting and keeping customers would be the driving force for all small businesses.

I was wrong!

The response from several polls were as follows.  53% percent of business in the survey said that healthcare costs were their most important consideration.  Taxes were in second place and environmental compliance considerations were in third place.

Being in a service business with a small workforce may have skewed my thinking and a “larger” small business with a larger work force and in some type of manufacturing business will have a different set of primary concerns.

The implementation of the Affordable Care Act and its potential impact is causing some small-business owners to try to keep their workforces under 50 employees so they are exempted from key parts of the act and in this regard are reducing employee hours so they are not counted as full time.

Complying with all the different types of taxes (including sales taxes) was the next layer of small business concerns.  They face increased taxes as national, state and local taxes as all types of governing bodies try to meet the needs of their jurisdictions.  Business bear the brundt of the tax base.

Cost of Health Insurance

Tax Complexity

Unreasonable Government Regulations 

Uncertainty over Government Actions

Frequent Changes in Federal Tax Laws and Rules

Cost of Natural Gas, Propane, Gasoline, Diesel, Fuel Oil

What is the most important concern for your business?

When it comes to business printing let MI Printing help you meet your needs.  Just give us a call at 623.582.1302 and see what we can do for your business.

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MI Printing 
Phone: 623.582.1302
Email: sales@printinginaz.com