TriNet Reports Three-quarters of Small Business Owners More Confident in Their Success
HR services provider TriNet has announced the results of its Small Business Confidence Survey which examines the perceptions of small business owners regarding their outlook on the success of their companies. According to the survey, 74 percent of respondents strongly or somewhat agree that their small businesses will experience revenue growth in 2014. Other key information found in the survey includes:
• Half of small business owners plan to hire more employees this year. Over one-third of respondents rank hiring qualified staff as a top three issue in matters of importance.
• Financial issues are the top issue for small business owners. Such issues include finding new business, managing expenses, and cash flow. Respectively, the issues ranked as a top three concern for 51 percent, 49 percent, and 48 percent of respondents. Other top-three concerns reported in the survey included taxes (24 percent) and managing debt (13 percent).
• Also important to business owners is the ability to maintain a work-life balance with 32 percent of respondents reporting it as a top three issue of importance.
“It’s encouraging to see that small business owners are investing in the future of their companies, including hiring new employees. Getting great people on their team as well as managing expenses are two challenges for all small business owners. TriNet is committed to supporting entrepreneurs in these areas and I firmly believe our solutions help owners increase their bottom line while freeing them up to focus on building their business,” Burton Goldfield, president and CEO at TriNet, said.