Entrepreneur surveyed 500 small enterprise house owners 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% really imagine and anticipate that the subsequent president’s insurance policies may enhance their enterprise.
In reality, 39% of small enterprise house owners haven’t got religion that any useful insurance policies will probably be handed subsequent yr — and 15% of each Democrats and Republicans imagine that authorities coverage can’t materially enhance their enterprise in any respect. (Independents had 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 an entire: 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 shedding a median of seven hours of sleep every week worrying concerning the state of their enterprise.
So, the place are small enterprise house owners feeling optimistic? Apparently, the reply is in one thing that politicians are at the moment discussing laws for: synthetic intelligence.
The bulk (74%) of small house owners report feeling optimistic about synthetic intelligence, with 28% saying AI helps their enterprise change 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 traces: 84% of millennial enterprise house owners see AI as serving to their enterprise in a roundabout way, whereas solely 46% of child boomer house owners 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 house owners, 60% say these shifts haven’t meaningfully impacted their companies.
Entrepreneur’s survey of 500 small enterprise house owners was performed in partnership with Talker Analysis in August. For the complete outcomes of our survey, click on right here.
