Looking back, many small business owners have no regrets about starting their business, according to the most recent SurePayroll Small Business Scorecard®, which surveyed small business owners nationwide last month. Here’s some highlights:
- When asked if they had any second thoughts about the timing of when they started their business, the majority (82%) of small business owners said they had no regrets.
- Nearly 10% say they started their business later than they should have.
- 3% wish they waited until the economy was in better shape.
- The majority (80%) say they feel optimistic about the economy compared to last October, when just 63% felt positive.
- Many respondents (28%) felt that the economy has had a much bigger impact on their business than they ever expected.
- Looking back, some of the operational aspects business owners wish they understood better include administrative and regulatory requirements (34%), how to hire the right people (26%), how to better manage their time (19%), and the need for capital and how to raise it (14%).