Microbusinesses, or businesses that operate on a very small scale, are optimistic about their chances for maintaining or growing personal income in 2015. Microbusiness owners expectations increased 15 percent from December 2013 to December 2014, according to the Sams Club/Gallup Microbusiness Tracker.
The microbusiness tracker, a nationally representative survey, regularly reports on business in the United States that employ five or fewer employees, or microbusinesses, which are essential for propelling economic growth.
However, the top concern for microbusiness owners is the cost of taxes, with 61.4 percent citing tax costs as a major problem for their business. About 68 percent of microbusiness owners are concerned about tax increases, according to the Sams Club/Gallip Microbusiness Tracker. The tracker also revealed that tax costs are more of an issue for microbusiness owners in the 50-64-year age group, who feel more knowledgeable about tax policies.
Positive outlooks also showed in microbusiness owners 6 percent reduction of concern about cash flow since the end of 2014. A 5.9 percent increase occurred in owners confidence in their companies futures with an additional decrease of about 5 percent for both concern about finding more customers and access to capital.
