Bank of America Small Business Owner Report: Washington, D.C. Local Breakdown

Bank of America Small Business Owner Report: Washington, D.C. Bank of America's Small Business Owner Report is a semi-annual study exploring the concerns, aspirations and perspectives of small business owners across the country. The spring 2013 Report surveyed a national representative sample of 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. Washington, D.C. Small Business Owners (SBOS) feel healthier as a result of owning a small business 62% of SBOS rate their health better as a result of running their small business As the result of running their small business, 39% of SBOS said they actually exercise more 42% of SB0S eat more healthily While 53% of SBOS feel that they manage the stress associated with owning a small business well, there are still a number of sources of stress for small business owners Despite feeling healthier, small business owners cite achieving a work-life balance as their top source of stress 62% On average, 62% of Washington, D.C. SBOS work more than 40 hours a week In the past year, 52% of Washington, D.C. SBOS went to work while sick SBOS not only look after their health, but contribute to the health and happiness of their employees through innovative solutions Washington, D.C. small business owners provide employees: 47% 33% 28% 22% Health/wellness benefits Additional amenities, such as healthy snacks, free lunches, massages Flexible hours/work Discounted services from home options and/or goods 22% 21% 14% 9% Schedule time for On premise day care/allow children to Allow use of social Team building activities, such as media during work hours volunteering and community service sports teams or come in excursions SBOS in Washington, D.C. feel optimistic about the health of their business moving forward but cautious about the forecast for the national economy 90% of small business owners expect revenue to either increase or stay the same in the next year $ $ 82% of small business owners expect to hire more employees or retain the same number of employees in the next year When asked what are the leading concerns for the success of small businesses, Washington, D.C. SBOS said: 72% 62% 61% 60% Strength of the U.S. dollar Consumer confidence Recovery of consumer spending Health care benefits/costs 53% 53% 52% 51% Taxes Global stock market Effectiveness of Credit availability government leaders SBOS in Washington, D.C. are prepared for the unexpected, including natural disasters, staff reductions and medical emergencies and recognize the impact an unforeseen event could have on their business On average, owners in Washington, D.C. feel their business could last four months if a significant disruption were to occur before needed financial assistance National average: 5 months Only 26% of Washington, D.C. small business owners have been impacted by a significant disruption, but 48% have a plan in place to handle a possible incident For more information, visit Bankof America about.bankofamerica.com Bank of America Small Business Owner Report: Washington, D.C. Bank of America's Small Business Owner Report is a semi-annual study exploring the concerns, aspirations and perspectives of small business owners across the country. The spring 2013 Report surveyed a national representative sample of 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. Washington, D.C. Small Business Owners (SBOS) feel healthier as a result of owning a small business 62% of SBOS rate their health better as a result of running their small business As the result of running their small business, 39% of SBOS said they actually exercise more 42% of SB0S eat more healthily While 53% of SBOS feel that they manage the stress associated with owning a small business well, there are still a number of sources of stress for small business owners Despite feeling healthier, small business owners cite achieving a work-life balance as their top source of stress 62% On average, 62% of Washington, D.C. SBOS work more than 40 hours a week In the past year, 52% of Washington, D.C. SBOS went to work while sick SBOS not only look after their health, but contribute to the health and happiness of their employees through innovative solutions Washington, D.C. small business owners provide employees: 47% 33% 28% 22% Health/wellness benefits Additional amenities, such as healthy snacks, free lunches, massages Flexible hours/work Discounted services from home options and/or goods 22% 21% 14% 9% Schedule time for On premise day care/allow children to Allow use of social Team building activities, such as media during work hours volunteering and community service sports teams or come in excursions SBOS in Washington, D.C. feel optimistic about the health of their business moving forward but cautious about the forecast for the national economy 90% of small business owners expect revenue to either increase or stay the same in the next year $ $ 82% of small business owners expect to hire more employees or retain the same number of employees in the next year When asked what are the leading concerns for the success of small businesses, Washington, D.C. SBOS said: 72% 62% 61% 60% Strength of the U.S. dollar Consumer confidence Recovery of consumer spending Health care benefits/costs 53% 53% 52% 51% Taxes Global stock market Effectiveness of Credit availability government leaders SBOS in Washington, D.C. are prepared for the unexpected, including natural disasters, staff reductions and medical emergencies and recognize the impact an unforeseen event could have on their business On average, owners in Washington, D.C. feel their business could last four months if a significant disruption were to occur before needed financial assistance National average: 5 months Only 26% of Washington, D.C. small business owners have been impacted by a significant disruption, but 48% have a plan in place to handle a possible incident For more information, visit Bankof America about.bankofamerica.com