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Pulse of the Small & Medium Business Community Jan 2013

PULSE OF THE SMALL & MEDIUM BUSINESS COMMUNITY OPTIMISM PREVAILS 56% of small business owners surveyed by Rocket Lawyer expect 2013 to be a better year than 2012, said that business is booming or that they are currently growing and meeting expectations. However, 65% are not planning to hire in the next six months. NEW BOOMERS MILLENNIALS are THRIVING economically 72% 42% HELP WANTED of millennials are planning to hire in the next six months – more than any other age group. of millennial small business owners said business grew or was booming in 2012. ECONOMY PRESIDENTIAL PRIORITY НОPES TOP FEAR 53% INCREASED TAXES 53% Economy 17% National Debt 8% Tax Reform 6% Healthcare of SMBS sald the President's top priority should be the economy. 27% of SMBS sald an economic recovery was their top hope for the second term. 47% of business owners would not be willing to pay higher taxes to reduce the federal deficit, 6% Education LEGAL PROBLEMS ISSUES CONCERNS contract negotiations 27% The biggest legal concern is stil| complance with government regulations. other 23% 15% failure to collect corporate 8% compliance 55% of small businesses 17% said their 10% 13% payments faced a legal problem in 2012, up from 52% in 2011. inc. biggest legal wony was choosing the right business structure and employment real estate transactions incorporating properly. WHO'S SEEKING COUNSEL? Gender gap: 56% of men have consulted with an attomey compared to 50% of women. 47% of small businesses have never consulted with an attorney. Protect and grow your business. Vist the Rocket Lawyer Small Business Legal Center at ROCKETLAVWYER. ()

Pulse of the Small & Medium Business Community Jan 2013

shared by rocketlawyer on Dec 02
Being a small business owner isn’t an easy job—you probably work long hours and take on new challenges daily–but you also get to reap the rewards. So how are things going for your business? From...


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