CNBC and SurveyMonkey recently polled over 2,000 small business owners in an attempt to gauge business confidence leading into 2018. According to CNBC, in addition “to measuring small business confidence nationwide, the large sample size gives CNBC the power to uncover trends by geographic region and among specific small business cohorts.” The newly created Small Business Confidence Index (SBCI) which measures confidence on a scale of 0 – 100 with 100 being the highest, the SBCI saw a 5 point rise from 57 to 62 for the first quarter of 2018. This marks an optimistic view of small businesses concerning the future of their businesses.
In addition to an overall high mark, “32% of small business owners expect to increase their staff of full-time employees in the next 12 months.” In a bit of a surprise, more owners responded that a change in Healthcare is more important to them than an infrastructure bill. According to the survey, “30% of respondents say health care should be Congress and the Trump Administration’s first priority this year. This is followed by infrastructure (23%) and immigration (18%).”
The CNBC/SurveyMonkey Small Business Survey was conducted through SurveyMonkey’s online platform from January 29th – February 5th with a “national sample of 2,800 self-identified small business owners ages 18 and up.”
While the survey doesn’t reveal anything other small business surveys have not already confirmed, it is interesting to note that owners are still looking at healthcare as a major issue. If this holds up, the new government infrastructure bill may be worth less than what Federal lawmakers think. This may be a cause for concern among small businesses in the long run.