Tuesday, June 7, 2016

Report Shows the Difficulties of Small Business

The report The State of Small Business in America by Babsom College provides some key insights into the nature of small business in the country and some of the difficulties they face. You might be surprised but small business seems to have a couple challenges despite their real contribution to growth. 

1.) Most rely on banks to receive financing but are limited by inflexible lending policies.
2.) Small business receives about half of the funding they need. 
3.) They have a hard time finding qualified labor. 
4.) They spend too much time and money on legislation/regulation.
5.) Technology is expensive. 

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