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41% of Small Business Owners Feel Optimistic About the U.S. Economy

  • August 22, 2018
  • WORLDWIDE

Small Business Expo Bi-Annual Trends Report Highlights State of Small Business in America

Small Business Expo (SBE), the nation’s largest and most trusted small business networking and educational event in the country, today announced results from its Small Business Expo: Bi-Annual Trends Report. The study, which was conducted with over 400 small business owners across the United States, examines the state of small business, specifically the challenges and trends that are impacting business owners in the first half of 2018.

“Starting your own business has long been the American dream. However, there is a reality about owning your own business that is not always discussed,” said Zachary Lezberg, owner of the Small Business Expo. “The goal of our Bi-Annual Trends Report is to help shed light on the more challenging aspects of owning a business while also highlighting the benefits. Small business owners are the backbone of our economy and as an organization dedicated to the betterment of small business, we believe it is our responsibility to give a voice to small business owners and help educate those looking to start their own dreams.”

Key findings from the report include:

  • 38 percent of respondents said confidence in their business has grown and their overall outlook over the next year is positive
  • 60 percent of respondents said they consider the resources available to them to be factors for success in their business
  • 41 percent of respondents said they feel optimistic about the U.S. economy in the next 12 months

 

Small business owners continue to face any number of challenges, with the development of technologies, including AI and Machine Learning taking over more aspects of business, to regulation and governmental tariffs and sales taxes potentially reshaping the way Americans do business. The report put together by the Small Business Expo examines, among other topics, these challenges and the role they play in determining success for American business owners. The full report can be downloaded here.

Survey respondents offered a national view with 31 percent from the Northeast, 26.7 percent from the South, 25 percent from the West Coast and 14 percent from the Midwest. Less than 2 percent of respondents hail from outside the U.S. Respondents also reflect a variety of industries, with 18 percent working within the consulting or professional services industry, 13 percent working within education, 10 percent within the retail and e-commerce industry, 9 percent within marketing/advertising and small percentages under 8 percent across accounting, construction and landscaping, manufacturing, power utilities and infrastructure, creative design, technology and web services and more.

To learn more about upcoming shows, including Los Angeles, San Diego, Phoenix and Atlanta, or how to enter your business into the Best of Small Business Awards™, please visit http://www.thesmallbusinessexpo.com

About Small Business Expo
Small Business Expo® is the nation’s largest small business networking and educational event in the Country. From 2015-2018 it has been ranked as an Inc. 5000 company as one of the fastest-growing privately held businesses in the United States. Every year, over 100,000 small business professionals and entrepreneurs across the Country register for Small Business Expo to take their business to the next level. The show’s owner, Film, Stage & ShowBiz Expo LLC. was founded in 2008 by Zachary Lezberg. For more information, visit thesmallbusinessexpo.com.

Contact:
Kite Hill PR for Small Business Expo
Kayla Engebretsen
Kayla(at)kitehillpr(dot)com

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