When it comes to small business confidence, political rhetoric and sales are usually the crux of the issue.  Two years ago, inconsistent sales a push to repeal and replace Obamacare led many small business owners to believe that the economy was not very strong and that health care was a major issue.  Today with an increase and tariffs, stable revenue, and employment concerns, jobs and the economy are now bigger issues than health care and immigration, according to the latest CNBC|SurveyMonkey Small Business Survey.

Overall, the majority of respondents consider business conditions to be “good” leading to the CNBC/SurveyMonkey Q3 Confidence Index seeing a record high of 62 out of 100.  Another reason for the high number is the 33% of owners that expecting to raise headcount over the next 12 months.

While a good thing in theory, “sixteen percent of small businesses say they’ve had open positions for at least three months, while 41 percent of companies with 50 employees or more say the same.”
Trade policy and tariffs are the biggest concern for businesses now with more “than a third of small-business owners expect that trade policy will have a negative impact on their business in the next 12 months.”  In addition, when looking at the issue closer “25 percent of small-business owners said tariffs would help, but…entrepreneurs were split by politics: Republican-leaning business owners were more likely to say tariffs will help, at 40 percent, while 65 percent of Democratic-leaning business owners said tariffs would likely hurt business.”