Small Business Outlook for 2015

ROCKETLAWYER. SMALL BUSINESS INDEX JANUARY 2015 Salon CAFE THE 2015 STATE O F OPTIMISM PREVAILS Small& Medium Businesses 80% of small businesses surveyed by Rocket Lawyer are optimistic about business growth in the new year 61% experienced growth in 2014 NEW GATEWAYS FOR BUSINESS SUCCESS 29% of $ $ SMBS s 24 indicate that growing their online presence is the biggest concern for their business. 111111 54% of SMBS 37% Gen X are planning on hiring independent contractors to help with business needs 33% Millennials 37% Gen Y Increasing online brand presence is a big priority across all generatiions. MILLENNIAL MATTERS of Millennials saw growth in 70% their businesses, up 5% from last year of Millennials are 87% optimistic about business this year of Millennials are interested in 34% raising $ to grow their business of Millennials are willing 71% to adopt mobile payments, more than any other age group Biggest Legal Issues LEGAL of SMBS said 27% 19% -500 -100 contract -1600 -20 negotiations -300 FAILURE T O COLLECT 3 of SMBS said 1 failure to 4 5 6 collect payments 7 8 9. Biggest Legal Concern of SMBS are worried 27% about complying with government regulations Lawyer Consultation 59% 59% Boomers are most likely to consult with a lawyer 36% 36% 46% of SMBS have consulted with a Millennials are least likely lawyer for their business Protect and grow your business. Visit the Rocket Lawyer Small Business Legal Center at Rocketlawyer.com/center/small-business.rl #LEGALMADESIMPLE II 2.