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Long Beach Small Business Monitor (LBSBM)

2Q/2019 - Most Important Concerns of Long Beach Small Business

In this Report: Gaining Access to Working Capital Every year we ask Long Bach small business owners what they are most concerned about terms of business success. This year we measured a very large change in the percentage of LB small business owners concerned about Access to Capital (+11%) and Low Cost Credit (+13%). In light of these concerns, this report focuses on the financial concerns of Long Beach small business owners, the strategies small business owners are using today to deal with financial issues, and how a lack of capital

Critical Concerns of LB Small Business - 2019

2nd Quarter 2019 (pdf)

(Somewhat/Very Much of  Problem)

Concerns

2019

2018

Change

 

Business Taxes and Fees
 

65%

62%

+3%

 
Finding Skilled Employees
 

62%

56%

+6%

 
Raising Working Capital
 

48%

37%

+11%

 
Finding and Keeping Customers
 

46%

35%

+11%

 
Business Rules and Regulations
 

46%

41%

+5%

 
Access to Low Cost Credit
 

35%

22%

+13%

 


Purpose

The purpose of the Long Beach Small Business Monitor is to provide the greater Long Beach region and community an understanding of the expectations and desires of small business owners

Survey Methods

The results are based on surveys of 300 small business people randomly selected from all Long Beach small businesses of 50 employees or less. Results are based on a probability sampling of 300 small businesses in Long Beach, CA (2-50 employees). Under the direction of Dr. Flexo, Marketing Systems Group (www.m-s-g.com) generated a random sample from their frame of all small businesses with addresses in Long Beach. The sample was sent to Opinion Access Corporation a professional data collection facility (www.opinionaccess.com). Each record was called by a professionally trained interviewer at OAC. A final sample of 300 interviews with small business were collected using this industry standard procedure. These results have a statistical margin of error of +/-5.5%.

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