By Maria Valdez Haubrich
Small business owners are under a lot of stress! Of course, we already knew that being stressed out ourselves, but according to the first edition of the Bank of America Small Business Owner Report, a new semi-annual study revealing the concerns, aspirations and perspectives of small business owners, we’re not alone.
Braun Research surveyed 1,000 small business owners in the United States with annual revenue between $100,000 and $4,999,999 and employing between 2 and 99 employees. In addition, 300 small business owners were also surveyed in nine target markets including Los Angeles, Dallas, Washington, D.C., New York, Boston, Chicago, San Francisco, Atlanta and Miami. The study examines a broad spectrum of topics including the state of the economy, growth expectations, business management and lifestyle issues.
The study showed small business owners often making significant personal sacrifices so their businesses can succeed, but are also resilient, optimistic about their future. Check out this video highlighting the results: