Most Microbusiness Owners Have Health Care Coverage but Benefits Have Not Yet Reached Employees, Sam’s Club Survey Reveals - Seite 2

The survey found that one in three (38%) microbusiness owners with employees see providing adequate benefits to their employees as a major issue. This number increases for newer microbusinesses.

In terms of financing, the Sam’s Club/Gallup Microbusiness Tracker finds that owners continue to fund their business from a range of sources, with personal savings (66.6%) and credit cards (40.6%) remaining the most commonly utilized sources.

More veterans have used bank loans (37.0% compared to 28.7%) or retirement savings (38.2% compared to 27.7%) to fund their business compared to owners who haven’t previously served. Examining gender, male owners are more likely to use bank loans (34.1%) compared to their female counterparts (22.6%).

Microbusiness owners remain concerned about future cost increases, mainly taxes (67.2%) but also for employee health benefits (40.9%), utilities (37.9%) and other business costs such as transportation (32.5%).

The Sam’s Club/Gallup Microbusiness Tracker results reflect 1,006 phone interviews conducted September 2-16, 2014 with companies of five or fewer workers. For further information please view Gallup’s article Microbusinesses Struggle to Cover Health Insurance Costs and download the Sam’s Club/Gallup Microbusiness Tracker October 2014 Report at SamsClub.com/newsroom.

About The Sam’s Club/Gallup Microbusiness Tracker

The Sam’s Club/Gallup Microbusiness Tracker is a nationally representative survey that regularly reports on U.S. businesses with five or fewer workers, a key driver of U.S. economic growth. The tracker provides valuable insight into the mood and mind of microbusiness owners for decision makers and influencers in government and commerce by highlighting the unique concerns and challenges of microbusinesses along their path from startup to maturity. To learn more about the Sam’s Club/Gallup Microbusiness Tracker, visit SamsClub.com/Newsroom or Gallup.com.