Results for - The Small Business Basics

1,581 voters participated in this survey

1. After learning about food deserts and identifying several in my new community, I came up with what I feel is an innovative way to combat the problem. I was particularly happy with my idea because it could be turned into a small business venture while also benefiting the community in multiple ways. Have you ever had a business idea from an unexpected source?

Yes
18%
277 votes
No
59%
929 votes
Undecided
8%
120 votes
Not Applicable
16%
255 votes

2. Like most people with a small business idea, I knew I would have to deal with start up funding. I looked into small business grants and found on the federal site "the federal government does not currently offer grants to start or expand small businesses". However, there are limited grants available at the federal level if the business "benefits certain businesses or industries or mankind". Were you aware of the strict limitations for federal small business grants?

Yes
17%
273 votes
No
51%
803 votes
Undecided
7%
117 votes
Not Applicable
25%
388 votes

3. One way to tackle this issue of funding is to switch to a non-profit, as it is much easier to obtain grants on any level for a non-profit than it is for a "for-profit" business. Would you be willing to switch to a non-profit business model to increase the likelihood of grant funding for your start-up or expansion?

Yes
13%
202 votes
No
21%
328 votes
Undecided
23%
356 votes
Not Applicable
44%
695 votes

4. If you have had a business idea, did you act on it?

Yes
12%
187 votes
No
24%
375 votes
It is a work in progress!
8%
132 votes
Not applicable
56%
881 votes
Other (please specify)
0%
6 votes

5. If you have not acted on a business idea, what do you feel was your primary obstacle?

Time
9%
135 votes
Money
21%
332 votes
General inexperience with business
10%
159 votes
Didn't know how to research options
4%
64 votes
Fear of failure
7%
105 votes
Lack of support from friends, family and/or community
4%
58 votes
All of the above
8%
134 votes
Not applicable
60%
948 votes
Other (please specify)
1%
9 votes
04/06/2015 Business 1581 21 By: Asdisir

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By: Asdisir