This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Staples Small Business Survey

Forty percent of small business owners wish they’d known more about management before starting their business, according to a recent survey by Staples, Inc. (NASDAQ: SPLS). As a resource to help small business owners overcome hurdles and succeed, Staples fielded a study to explore the concerns of small business owners and their overall level of knowledge about business performance.

The survey found that while an overwhelming amount (94 percent) of small business owners are confident in managing their finances, less than half (45 percent) can define basic accounting principles such as “accounts receivable” and “accounts payable.” And 23 percent admitted to bouncing a check in the past year.

Staples Small Business Survey

Staples fielded a study to explore the concerns and knowledge of small business owners. Survey results include:
  • More than a quarter of respondents lose sleep over cash flow (28 percent)
  • Nearly half (48 percent) of small business owners will pay others before paying themselves
  • Roughly one third (28 percent) acknowledge financial and cash flow challenges including postponing hiring
  • A significant amount of Millennial small business owners (42 percent) wish they could get more support from the community
  • Almost one third of respondents (32 percent) have a feeling of “drowning in receipts”
  • Sixty five percent of small business owners say that they’ve had a secret hiding place for emergency money. Popular places include:
    • Desk drawer (19 percent)
    • On the person (13 percent)
    • In the car (7 percent)
    • Wouldn’t disclose where their money has been hidden (44 percent)

“Our goal at Staples is to help our small business customers focus on what they do best,” said Alison Corcoran, senior vice president, Stores and Online Marketing, Staples. “Staples supports small businesses with the products they need to succeed as well with expert advice, tips and wide-ranging services. Small business owners want help with managing expenses and Staples provides the expertise on our Business Hub and through our Succeed small business community on LinkedIn®.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,607.33 -47.44 -0.28%
S&P 500 1,990.70 +3.04 0.15%
NASDAQ 4,829.8630 +17.1550 0.36%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs