[Infographic] Small Business Concerns In 2013
Small business sentiment on the economy this year remains skeptical, according to a new survey of 600 small businesses by Alibaba.com
. While many are generally optimistic about their own opportunities with nearly half of respondents expecting to see revenue growth this year, only 37-percent of them expect the economy to improve in 2013.
The results should be of interest to online entrepreneurs blog shops - they are a consolidation of two surveys carried out in December 2012, of which 80-percent of small business respondents are purely online-only businesses (with 17-percent using both only and offline, and the rest wholly offline). 92-percent of those surveyed have 1 to 5 employees, with 82-percent having revenues of %50,000 or under in 2012.
The top concerns for small businesses this year mainly revolve around regulatory issues: taxes (70-percent), and government regulation (50-percent).
Other key takeaways:
- 87-percent will not be hiring any employees this year.
- Top four concerns/obstacles to business growth in 2013?
- Flat economy
- Issues affecting small businesses in 2013
- Taxes (70%)
And if you're an online entrepreneur, this infographic shows these and more - you may be interested in the parts on social media, mobile payment and word-of-mouth:
Daniel Goh is the founder and chief editor of Young | Upstarts, as well as an F&B entrepreneur. Daniel has a background in public relations, and is interested in issues in entrepreneurship, small business, marketing, public relations and the online space. He can be reached at daniel [at] youngupstarts [dot] com.