Tuesday, September 26, 2006

Interesting Statistics Regarding Small Businesses

Here is some interesting news regarding the state of small businesses in the U.S. SurePayroll, the nation’s largest online payroll processing provider for small businesses recently conducted a survey asking small business owners what are some of the top challenges of owing a small business. Here are some of the results:

Around 19% said finding and keeping qualified employees
Around 18% said balancing business development and current workload
Over 14% said managing work time and priorities
Almost 12% said managing employees
Another 12% said generating expected revenues
Almost 12 % said cresting a work/life balance
7% said meeting income goals
Almost 6% said acquiring capital for growth

Another survey by SurePayroll revealed that the accountant is the most trusted advisor for small business owners contributing more to the success of the business than an attorney or banker.

With the threat of rising interest rates, health care costs, and inflation, it is rather difficult for a small business to operate in the current economy. By partnering with a small business accountant, small business owners can alleviate some of the challenges mention above; at the same time have someone by their side to ensure the success of their business.

Use a small business accountant to keep your Business N Synergy

Brian N. Stovall

No comments: