Entrepreneur surveyed 500 small enterprise homeowners throughout the nation to ask how they’re feeling about their enterprise and present occasions.
Most reported a deep curiosity within the presidential election: Most (81%) say they’re following the information carefully, and 45% report each day monitoring. However solely 40% truly consider and count on that the subsequent president’s insurance policies might enhance their enterprise.
In reality, 39% of small enterprise homeowners do not have religion that any useful insurance policies will likely be handed subsequent 12 months — and 15% of each Democrats and Republicans consider that authorities coverage can’t materially enhance their enterprise in any respect. (Independents have been much more pessimistic, at 29% saying the federal government can not help them.)
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That pessimism could also be pushed by the financial system as a complete: Nearly all of respondents (70%) say they’re involved that the U.S. will enter a recession within the subsequent two years. In reality, stressed-out entrepreneurs are dropping a mean of seven hours of sleep per week worrying concerning the state of their enterprise.
So, the place are small enterprise homeowners feeling optimistic? Curiously, the reply is in one thing that politicians are at present discussing rules for: synthetic intelligence.
The bulk (74%) of small homeowners report feeling optimistic about synthetic intelligence, with 28% saying AI helps their enterprise turn into extra environment friendly, 27% saying AI will create new enterprise alternatives and 19% saying AI is saving them cash.
The optimism for AI falls alongside generational strains: 84% of millennial enterprise homeowners see AI as serving to their enterprise ultimately, whereas solely 46% of child boomer homeowners say the identical.
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As AI has gained prominence, different web fixtures have begun to shift: Google has been adjusting its algorithms to favor boards like Reddit and Quora, X (previously Twitter) has prioritized viral movies and extra. Though that is inflicting some affect for small enterprise homeowners, 60% say these shifts haven’t meaningfully impacted their companies.
Entrepreneur’s survey of 500 small enterprise homeowners was performed in partnership with Talker Analysis in August. For the total outcomes of our survey, click on right here.
