Wasp Barcode Technologies: The Barcode Solution People

10 Facts You Should Know About the Small Business Report

In early 2015, the marketing department at Wasp Barcode Technologies was searching for small business numbers to use as a comparison with their own growth, goals and direction.  When we weren’t able to find the information we needed, we decided to survey small business owners and executives directly, and thus, the State of Small Business Report was born. We recently wrapped our second report and discovered many of the responses changed from year-to-year.  Confidence in the economy dropped a bit, new business challenges arose, and optimism about revenue and hiring grew. Here are 10 shareable takeaways from the 2016 State of Small Business Report: [Tweet "The top 3 concerns facing small businesses currently are: 50%- Hiring new employees, 45%- Increasing Profits, 43%- Employee Healthcare http://bit.ly/1cHtFs1  #SMBReport"] [Tweet "More #SMB (43%) say employee healthcare is a top challenge in 2016, up 14% from 2015.  http://bit.ly/1cHtFs1 #SMBReport"] [Tweet "More #SMB favor a Republican win for president; 39% say it will have a positive impact, 34% said same of Democrat win.http://bit.ly/1cHtFs1 #SMBReport  "] [Tweet "43% of #SMBs said healthcare is the biggest challenge facing their business in 2016 http://bit.ly/1cHtFs1 #SMBReport"] [Tweet "Half of #SMBs plan to hire in 2016, up from 38% in 2015. http://bit.ly/1cHtFs1  #SMBReport"] [Tweet "71% of #SMB anticipate revenue growth in 2016. http://bit.ly/1cHtFs1 #SMBReport"] [Tweet "25% small businesses are less confident about the economy than in 2015. (up from 21% in 2015) http://bit.ly/1cHtFs1 #SMBReport "] [Tweet "Half of U.S. #SMBs don’t think the government does enough to support them. http://bit.ly/1cHtFs1  #SMBReport"] [Tweet "17% of #SMBs use asset management software. http://bit.ly/1cHtFs1 #SMB Report "] [Tweet "1 in 5 #SMBs don’t use social media. http://bit.ly/1cHtFs1 #SMB Report "]