Few small-business owners think the federal economic stimulus will help their companies, according to a survey by Intuit Payroll, creator of QuickBooks and other software that manages finances.
Here’s the upshot:
Intuit Inc.
In addition, 98% have not received any money from the American Recovery and Reinvestment Act of 2009, and 86% doubt the $787 billion government spending and incentive plan will directly benefit their businesses.
What do you think?
Business owners tend to rely on themselves, not government, to weather the recession, the survey concludes.
“Small businesses succeed or fail based on their ability to understand and react to economic changes,” said Intui spokesman Cameron Schmidt. “Their up-close-and-personal relationship with consumers and their employees gives them a street-level perspective of what’s happening.”
And that perspective tells them the economy is weak (click on image for a larger view):
Source: Intuit
Other survey findings:
- 94% are concerned about saving money
- 55% say their operating costs have increased and 51% say revenues have decreased
- 47% have reduced their pay or have not paid themselves at all
- 52% say customers are making payments more slowly than in the past
- 84% are concerned with staying in compliance with federal, state and local regulations
Click here for more survey results.
Other economy stories…
- Calif. small businesses cut staff, salaries in June
- Profiting from an Irvine bank failure
- Online shopping strategies to help you save
- Unemployment rate overshadows green energy jobs
- Calif. first-time jobless claims hit four-month high
- U.S. loses 467,000 more jobs in June
- OC Superior Court imposes layoffs, asks for buyouts
- 750 people show up for 60 Cox jobs
Business owners tend to rely on themselves, not government, to weather the recession, the survey concludes.
Look at the confidence displayed by the people who make this country work. Astounding #’s considering our commander -n - community organizers approval rating #’s
Could it be that when the pollsters call people, the ones who have time to answer their stupid ?’s are lazy slobs (Obama voters all) sitting on their butts at home?
The only sector that appears to be growing is government. We have more newly appointed Czars than ever and each of them has a staff that we support with our taxes.
The government has no idea where this stimulus, tarp or bailout money is!!!!!! Its a sham Taxpayers are paying for this fraud!!!!!
Who are the 16% who thinks the stimulus package will help them?
I guess someone has to benefit from trillions in pork…
The stimulus money will go to the public employee unions and pork projects. Let Ca go banckrupt and next the fed government. Lets get it over with. Start from scratch.
BHO just wasted our money and continues to waste it. His ratings will drop when the dopes who voted for change see what he is doing to this country. Every person I know who owns a business is not thinking of investing (more jobs). They are looking for ways to survive this guy, and hope there is some capitalism left when he is voted OUT in 3 and a half years.
50% of us pay our taxes, the other 50% voted for “change.”
Fact: Almost every cent of stimulus dollars has to be spent on a public works project, period. That means Unions, Unions and more unions. Oh, and for the few crumbs of dollars that dribble into the private sector they have to have a collective bargaining agreement attached to them.
Want to see your hard earned tax dollars at work just drive the 73 toll road. A perfect example of waste. Hundreds of millions of dollars are being spent on the toll road to add another lane, even though ridership is not meeting projections. All for a road that was suppose to be privately funded from day one.
Will stimulus help business? Nope. Not unless you happen to work for one of the big corporate pig banks or insurance companies who had all the political connections and were bailed out. They got theirs on the taxpayer’s backs. But 95% of american businesses got nothing but taken to the cleaners. Let’s face it. How could companies like Goldman Sacks lose when their former CEO was the Secretary of Treasury? See how they rebounded?
SteveR said drive the 73 and see the widening of lanes, yes a waste of money. I drove the 241 the other day to Anaheim and saw workers putting up a block wall along this toll road, in an area where there are no houses, down in a ravine along side the toll road. What is this for, keep the rodents from crossing to the other side?
What a waste of money.
Of course the Stimulus money won’t help! Only WE can help ourselves and that’s what I’ve been teaching small business owners. The “too big to fail” tag only applies to a few and it barely filters down to the “too small to fail” group. People, the sooner we understand the “new rules” the sooner we’ll rebuild this country.