NASE Monthly Poll
Results
Congress and the Obama Administration are looking to small business to improve our economy and increase job creation. We want to know if you plan to hire workers in 2010 and what you think about proposals to stimulate job growth in our nation. Please take this short survey.
1) Has your BUSINESS experienced any of the following due to the sluggish economy? (Select all that apply.)
Answer Options
Response Percent
I have experienced a significant decrease in sales and/or revenue
61.9%
I've had to let go of employees
23.2%
I've had to scale back or drop benefits (i.e. health coverage, 401K, etc.)
20.6%
I've had to refrain from making improvements or growing my business
58.2%
I've been unable to access credit or loans
27.8%
I've had to utilize my personal savings or retirement savings (i.e. 401K or other retirement savings vehicles) to address cash flow issues
49.0%
I've been forced to close my business
2.1%
I have experienced no affects
10.8%
Other
14.4%
2) Has your FAMILY experienced any of the following due to the sluggish economy? (Select all that apply.)
My credit card debt has increased
43.4%
I've had to utilize my personal savings or retirement savings (i.e. 401K or other retirement savings vehicles)
52.4%
I have been unable to access personal credit or loans
22.8%
I am having difficulty affording my basic needs (housing, utilities, food, etc.)
37.0%
Family income has decreased due to job loss
33.3%
15.3%
13.2%
3) Are you planning to hire workers this year regardless of type (i.e. full-time, part-time, temporary)?
Yes
23.4%
No
76.6%
4) If yes, what type of employees are you planning on hiring? (Select all that apply.)
Part-time
44.4%
Full-time
31.1%
Temporary
37.8%
Do Not Know
11.1%
5) If no, please indicate why you will not be hiring additional workers this year. (Select all that apply.)
I am not interested in expanding my business.
30.3%
I am unable to pay the salary of an additional worker.
65.5%
I am unable to offer or afford benefits for an additional worker.
49.7%
6) How likely would you be to hire new workers this year if the following proposals below were implemented?
Very likely
Somewhat likely
Unsure
Not at all likely
A $3,000 tax credit for businesses who create jobs.
15.4%
19.5%
16.8%
48.3%
A one-year payroll tax holiday on the first $40,000 of income for the self-employed and small businesses with 25 or fewer employees.
26.1%
24.8%
22.9%
Permanent expensing up to $250,000 of qualified business investments and equipment under Section 179.
14.8%
18.1%
36.8%
Elimination of fees and an increase in guarantees for loans through the Small Business Administration.
12.7%
21.3%
25.3%
40.7%
An increase of credit and loans available from financial institutions (i.e. banks, credit unions, etc.)
11.5%
22.3%
41.4%
Health reform proposals in Congress became law.
5.7%
7.6%
17.1%
69.6%
Making permanent the tax cuts and individual income tax rates passed in 2001 & 2003
24.4%
26.3%
31.3%
7) Which statement best describes your business?
A career that presently supplies the main source of income in my household
76.4%
A part-time business to supplement another income in my household
6.9%
A start-up business with the potential to become a permanent, main source of income
8.6%
Other (please specify)
8.0%
8) Please indicate your business structure:
Sole-proprietor
50.0%
LLC
18.4%
LLP
2.9%
S Corporation
22.4%
C Corporation
4.6%
1.7%
Methodology
The above survey is part of an online monthly poll series conducted by the National Association for the Self-Employed.
We received a total of 194 responses to the January 2010 survey.
Link to full survey results in PDF format: NASE Monthly Poll- January 2010 Results- Job Creation
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Courtesy of NASE.org https://www.nase.org/about-us/media-relations/nase-in-the-news/2010/02/03/Jobs_Jobs_Jobs-_Do_You_Plan_to_Hire_Workers_This_Year_January_2010