Poll: Small Business Owners React to the US-China Trade War, Low Unemployment Rate, Cashless Payments and More

New BizBuySell survey explores small business owner opinions on the impact of the US-China Trade War, the best 2020 Presidential candidate for small business, low unemployment rates, cashless payments and more current issues affecting small businesses.

San Francisco, CA - BizBuySell, the Internet's largest business-for-sale marketplace, surveyed over 1,700 small business owners to get their perspective on how the US-China trade war and the 25% tariff on Chinese goods will affect how they do business. The survey also asks small business owners their views on today’s tight labor market and the impact it’s had on finding skilled employees as well as other hot topics small business owners are facing in 2019.

Topic: US-China Trade War

Will the 25% increase in tariffs from the US-China Trade War increase your business costs?

(Of those whose costs will increase) How do you plan on dealing with higher costs as a result of the tariffs? (Select all that apply)

Have you considered switching to suppliers outside of China?

If you were to switch suppliers, would you look for a U.S. based or foreign supplier?

Around what percentage of your business inventory or materials are imported from China?

Do you think you'll be able to stay in business if the 25% increase in tariffs lasts more than a year?

Topic: Politics on Small Business

Which potential 2020 candidate do you think would best support the small business industry?

How much do you agree or disagree with the following sentence: Small business owner needs are being met under our current administration.

Topic: Cashless Payments

Do you plan to move your business to a cashless model? (i.e. only accept credit and/or mobile payments)

Do you currently accept mobile payments such as Apple Pay, Google Pay, etc.?

Topic: Hiring

In today’s tight labor market, unemployment continues to reach record lows. How difficult has it been for you to find new employees compared to previous years?

Have you considered acquiring a competitor or similar business in order to grow your workforce?

Do you have a non-compete agreement setup with people involved with your business?

Media Contact:

Bobby Chilver
Walker Sands Communications
office: (312) 546-4712
email: robert.chilver@walkersands.com

About BizBuySell

BizBuySell is the Internet's largest business for sale marketplace. Since 1996, BizBuySell has offered tools that make it easy for business owners and brokers to sell a business, and potential buyers to find the business of their dreams. BizBuySell currently has an inventory of approximately 48,000 businesses - spanning 80 countries - for sale at any one time and receives more than 1 million monthly visits. The site also features an extensive franchise directory as well as an easy-to-use business valuation tool. Please visit www.bizbuysell.com for more information.

BizBuySell was founded in 1996 and in 2012 became a division of CoStar Group, Inc. (NASDAQ - CSGP) - commercial real estate's leading provider of information and analytic services. CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information and offers a suite of online services enabling clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. For more information, visit www.costar.com.

Return to Media Releases