Small-business owners said their optimism has slid slightly from the same period last year, according to the most recent Wells Fargo/Gallup Small Business Index, but business owners are still feeling better about the economy than they were two years ago.
The survey gauged whether respondents were more or less optimistic in general going into 2014 than they were going into 2012 and found that 23 percent of business owners were more optimistic about their business’ future entering the new year than they were two years ago. Twenty-eight percent of respondents indicated they were less optimistic heading into 2014.
"The most frequently mentioned external challenges include the direction of the economy, the potential effect of health care policy and Obamacare, the government in general, government regulation, and taxes," the report stated. "About half of small-business owners see one of these issues as their biggest challenge at this point."
The single-largest concern of businesses outside of the government or the economy was attracting new work and customers, followed by financial stability and cash flow.