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If I Knew Then What I Know Now – Insight from Small Business Owners [Infographic]

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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%).

This infographic is courtesy of SurePayroll, a Paychex Company. 

About Gresham Harkless Jr.

Gresham Harkless is a Media Consultant for Blue 16 Media and the Blogger-in-Chief for CEO Blog Nation. CEO Blog Nation is a community of blogs for entrepreneurs and business owners. Started in much the same way as most small businesses, CEO Blog Nation captures the essence of entrepreneurship by allowing entrepreneurs and business owners to have a voice. CEO Blog Nation provides news, information, events and even startup business tips for entrepreneurs, startups and business owners to succeed.

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