2016 State of Small Business Report

The 2016 State of Small Business Report from Wasp Barcode highlights some of the most pressing issues facing small business owners. According to the infographic, 71 percent of businesses expect to increase revenue in 2016, a 14 percent increase over 2015’s revenue optimism.

Their optimism is holding up in the face of a few big hurdles this year, namely hiring new employees, increasing profit, and employee healthcare. More than 1,100 small business owners and executives identified these items as their top three challenges for 2016.

In addition to identifying business challenges, the State of Small Business Report also investigated small businesses’ views on the economy, hiring, government, marketing practices, and use of information technology.

Check out the infographic below and let us know your thoughts.

2016-state-of-small-business-report-Infographic-FULL-SIZE

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