Tuesday AM June 30th, 2009
by: Ed Mayberry, June 30, 2009 7:06:00 am
Intuit Employee Management and Global Strategy Group polled over a thousand clients about the economic outlook for small business owners. The Web-based survey finds that most say the health of their business depends more on what they do for themselves than on what the government can do for them. Laurie Sheflin is with Intuit.
"You know the American entrepreneurs are self-reliant. They're depending on themselves to help their businesses grow and are certainly not counting on a government handout. Interestingly, 94 per cent of the customers we spoke with say their health of their business depends more on what they do for themselves than on what the government can do for them. Oh yeah, 47 per cent have actually reduced their own pay or have not paid themselves at all."
Three-quarters of those polled do not believe the government offers enough support for small businesses. But the survey shows small business owners remain upbeat about the future.
"Fifty-six per cent say, you know, the recession will last another two years or more. So, but with that in mind, even with this downbeat economy, employers remain upbeat about their own prospects for growth. Eighty-eight per cent see opportunities for their business, despite the economic environment, and newer smaller businesses—even more so. And you know, instead of being flat or declining, the majority expect their businesses to actually grow in the next 12 months."
Intuit is providing resources on their Web site site listing government help for small businesses, such as loans and tax incentives. Ed Mayberry, KUHF Houston Public Radio News.