JOIN NASE
Need Benefits For Your Business?
Already a Member?
Learn More About The Self-Employed.
MEMBER LOGIN Close
Username: Forgot Username?
Password:  Forgot Password?
Already a member?
Need a New Login
Not a member?
Join Today!
Close

SEARCH SITE

NASE NASE

MICRO-BUSINESS RESEARCH

NASE Survey Results

Topics that Are Important to Small-Business Owners

Here’s a snapshot of how micro-business owners feel about the hot topics of the day.

View all NASE news

How Do You Handle Tough Economic Times? (Nov 2008)

Respondents: 515

As the economic crisis facing our nation and the world continues to deepen, the self-employed and micro-business owners will have to make tough decisions regarding the operation of their business. Please take this short survey to tell us how you are presently handling or plan to address the tough economic times ahead.
 
1. How much of an impact is the slow economy having on your business at the present time?
50% Significant impact on my business
21% Moderate impact on my business
19% Slight impact on my business
08% No impact on my business
02% No Opinion
 
2. In your current business, how does this economic downturn compare to previous periods of a slowing economy?
43% This economic downturn is the worst I have experienced.
16% This economic downturn is similar to hard economic times I have experienced previously.
06% This economic downturn is not as bad as hard times I have experienced in the past.
26% This economic downturn is the first I have experienced with my current business.
08% No opinion
 
3. What actions in your business are you considering to address the difficult economic climate? (Choose ALL that apply.)
10% Lower prices of products and/or services
17% Scale back the purchase of inventory or equipment
11% Downsize staff (i.e. let go some employees) or refrain from hiring new staff
09% Cut benefits for myself and/or my employees (i.e. health care; 401K contributions)
09% Institute temporary pay cuts for myself and/or my employees
06% Attempt to obtain loans to shore up my business
14% Use my personal savings to shore up my business
09% Increase use of credit cards to assist with cash flow difficulties
04% Close the doors of my business
11% No change in the way I am conducting business
02% No opinion
 
4. Which has experienced the larger negative impact from this economic crisis?
32% My business
54% My family’s personal finances
14% No opinion
 
5. What are your expectations for your 2008 year end gross revenue?
24% Higher than 2007
18% Stay the same
51% Lower than 2007
07% No Opinion

Facebook DZone It! Digg It! StumbleUpon Technorati Del.icio.us NewsVine Reddit Blinklist Furl it! LinkedIn Tweet It!

Related Content
  • Self-Employed and the Economy
    The nation’s smallest businesses are still feeling negative effects of the economy, including cash flow issues for business and family, according to a new survey by the National Association for the Self-Employed (NASE). Three-quarters of the self-employed and micro-businesses owners say their company provides the main source of income in their household.
  • Can You Keep Your Health Plan Once the Health Reform Law Kicks In?
    One big promise made during the reform debate was that you will be able to keep the health plan you currently have, if you like it. To follow up on this promise, the Administration recently issues new regulations on "grandfathered" or existing health plans. The NASE recently conducted a survey of micro-business owners to determine their perspective on these rules and whether they think they will be able to keep their existing health plan post-reform.
  • U.S. Energy Policy (June 2010)
    Whether you open a local or national newspaper or turn on the TV or radio, we cannot escape the daily news coverage of our nation's worst oil spill which continues to rage on in the Gulf. In light of this environmental disaster, the NASE sought the opinion of its membership on U.S. energy policy and what key proposals should be the focus of policymakers.
  • Increased Tax Regulation on Small Business (May 2010)
    Many of the nation’s entrepreneurs are about to become more familiar with the IRS. According to a new law set to go into effect in 2012, business owners must report annually every payment for goods or services over $600, utilizing IRS Form 1099. A new survey by the National Association for the Self-Employed (NASE) found that the average self-employed and micro-business (those with fewer than 10 employees) currently issues two Form 1099 per year. Under the new law, the same business will have to issue roughly 27 reports, mostly to large corporations.
  • The Clock is Ticking on Health Reform: What Do You Think? (March 2010)
    Companies with fewer than 10 employees – micro-businesses – are asking Congress to keep in mind that a big part of being able to create jobs and grow their companies depends largely on their ability to pay for health coverage. Self-employed business owners say that access and choice of providers/benefits is less important to their businesses than lower bottom line costs. With the clock ticking on a final vote in Congress on health reform, the online poll conducted by the National Association for the Self-Employed (NASE) received over 1,200 responses regarding the concerns of the self-employed about health reform.
 


Your Opinion Counts