Digital transformation: Survey finds lack of digital fluency in key areas, need for additional support
The coronavirus pandemic has forever changed consumer behavior and how business is done. Tech giants and other large companies were able to capitalize on this seismic shift, leaving vulnerable small businesses behind, particularly those owned by women and entrepreneurs of color. To ensure an equitable recovery and to level the playing field for small businesses, we have launched an in-depth, multifaceted research project to better understand what these businesses need to compete in a radically changed environment.
This first survey specifically explores small business confidence in implementing digital tools and technologies, their digital literacy and their access to broadband. Additionally, the survey reveals the current state of small business growth and how this may impact their digital transformation.
As President Biden prepares to deliver his second State of the Union address, Small Business Majority surveyed small business owners and decisionmakers around the country to better understand their biggest challenges, as well as the top policy issues they want to see addressed by policymakers.
State reports: Small business owners support criminal justice reforms to address persistent workforce challenges
While small businesses employ nearly half (46.4%) of the private workforce in the United States, many are struggling to hire and retain a ready workforce. One viable solution to their persistent workforce challenges is the passing of Clean Slate policies, which seal and expunge certain criminal records and allow justice-impacted individuals to seek employment opportunities and entrepreneurship. Individual state analyses of small business responses in Georgia, Illinois, North Carolina, Ohio, Pennsylvania, and Texas found widespread support for Clean Slate policies at the state and federal level.
This poll, conducted in six states – Georgia, Illinois, North Carolina, Ohio, Pennsylvania, and Texas – found that 84% of small business owners agreed that Clean Slate policies would open up a pool of job applicants that deserve a second chance. Regardless of political affiliation, small businesses shared support for policies that can help boost labor recruitment. Given the ongoing workforce challenges hindering small business growth, the poll results confirmed widespread backing for policies that seal or expunge qualifying criminal records from background checks.
Small businesses optimistic about the future, despite concerns about inflation and barriers to capital
Entrepreneurs continue to navigate a number of challenges operating their businesses, more than two years since the COVID-19 pandemic started. Small Business Majority and Start Small Think Big surveyed small business owners and managers in their networks to understand their current business conditions, how they are faring amid rising inflation, and what they need to maintain and grow their businesses over the next six months to a year.
As entrepreneurs continue to navigate a number of challenges operating their businesses, Small Business Majority surveyed small business owners and managers nationwide to understand their current business conditions and how they may have benefited from federal relief programs. The survey found that nearly two-thirds (65%) of small businesses felt more optimistic about their business prospects for this year's second quarter. Despite this optimism, small businesses are facing a number of challenges, including inflation, supply chain disruptions and workforce shortages.
As entrepreneurs continue to navigate business and economic challenges stemming from pandemic, Small Business Majority surveyed small business owners and operators in Colorado to assess business conditions and the rising costs of healthcare.
Underregulated technology platforms, corporate consolidations and pernicious business practices are fueling an increasingly uneven level playing field between small and large companies by dramatically restricting markets and stifling competition. These challenges have been exacerbated during the pandemic as small businesses pivot their businesses to stay afloat, and thousands of people launched new entrepreneurial endeavors. A new opinion poll reveals that our nation’s entrepreneurs are being harmed by myriad anti-competitive practices, and they strongly support policies to create a more equitable business landscape.
Small businesses share views on current issues: vaccine mandates, supply chain disruptions and Build Back Better
From ongoing supply chain disruptions to new fears surrounding potential impacts stemming from new coronavirus variants, small business owners continue to face uncertainty about the future of their businesses. A new survey from Small Business Majority sheds a light on how supply chain disruptions are impacting small businesses during the crucial fourth quarter, as well as their views on the Biden administration’s COVID-19 vaccination requirement for businesses with 100 or more employees, and key components in the Build Back Better plan that are being negotiated in the U.S. Senate.
The federal government is implementing a series of new COVID-19 vaccination requirements to mitigate the impacts of the recent surge in COVID-19 cases. A new Small Business Majority opinion poll reveals that a majority of small businesses with employees are supportive of vaccination requirements at places of business, while many have already implemented vaccine policies on their own.