Filed Under:Markets, Employee Benefits

The Pulse of Women Small Business Owners Taken by The Hartford

(BILL HABER)
(BILL HABER)

A recent study conducted by The Hartford found that women small business owners will vote in the upcoming presidential election for the candidate whose positions are most friendly towards small businesses.

The study, Small Business Pulse also revealed that women small business owners are more averse to risks than their male counterparts and in turn, view their businesses as more successful.

The more pragmatic and grounded approach of female business owners also translates to their outlook on the economy. When asked to gauge their level of optimism that the national economy will improve this year, only 53 percent of women say they are optimistic compared to 64 percent of men.

The impact of a presidential candidate’s small business policies on how women will vote is huge: 89 percent of female small business owners say that will be the deciding factor of their vote. This may indicate that they will side with a Republican candidate because of the cumbersome provisions in the healthcare law that providing insurance to employees could have on small businesses owners.

Conversely, women respondents said that they were not sure which government agency is responsible for helping small businesses but they were unified in their opinion that some agency should help. Most respondents said that it should be some local branch of government although any governmental meddling in business is an anathema to recent Republican doctrine.

Some challenges that women small business owners identified in the survey include, the increased cost of doing business; government rules and regulations; cash flow issues; lack of demands; problems hiring and retaining staff and access to credit.

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