NASE Survey Results

Topics that Are Important to Small-Business Owners

Here’s a snapshot of how micro-business owners feel about the hot topics of the day.


What Was The Best Financial Decision You Ever Made (Jan 2008)

Thursday, January 31, 2008
Respondents: 102

NASE Members make financial decisions about their micro-businesses every day. Some impact the business more than others. Tell us about the best financial decision you ever made for your micro-business. Plus, give us your name and contact information and you could be featured in an upcoming magazine article about this topic.
 
1. What was the best savings decision you ever made?
10% Created an emergency fund for my business
43% Started a retirement account
10% Put my business on a strict budget
26% Saved for a big expense rather than paying for it with a loan or credit card
12% Other
 
2. What was the best cash flow decision you ever made?
18% Being careful and vigilant about extending credit to customers
28% Collecting receivables on time
45% Learning to accurately forecast revenues and expenses
10% Other
 
3. What was the best debt decision you ever made?
39% Paid off my business credit cards or business loan
32% Bootstrapped my way to success without ever incurring any business debt
15% Took out a loan or line of credit for my business
06% Borrowed from friends and family to get my business started
08% Other
 
4. What benefits has your micro-business enjoyed because of your smart financial decisions? (Check all that apply)
17% I’ve been able to expand my business
14% My business is financially prepared for an emergency
24% My business rarely has a shortage of cash
41% I can sleep at night without worrying about money!
04% Other