August 20, 2017

Fiverr Report: Small Business Sees No Impact from Trump Policies


Conflicting Agendas: The Real Impact of Trump on Small Businesses

American small business worries more about getting startup capital than the regulatory requirements that can block their path once they get going. As well, neither rural or urban respondents have much faith in President Donald Trump’s small business policies are having an impact.

Conflicting Agendas: The Real Impact of Trump on Small Businesses

These are the big takeaways from a new survey published by Fiverr. Entrepreneurship in America takes a look at today’s major policy issues and their impact on small business.

Startup Capital

Initial access to startup capital was the biggest concern of 40 percent of those polled. As far as President Trump’s small business economics policies go, there was a slight edge (26 percent) of those rural respondents who saw no impact versus those with a (23 percent) positive view.  The same percentage of urban small business owners saw no impact, but here 24 percent felt there were negative consequences.



A Larger Group

The urban respondents were a larger group than their rural counterparts accounting for 67 percent of the entire sample.  As expected, these small business owners had a more negative view of the President’s policies.

There were other items under the umbrella of Big Economic Issues. These include a concern over the cost of living for entrepreneurs. Over 60 percent found the conditions “harder” or “much harder” in the urban areas versus 55 percent for their rural counterparts.

Trade Not a Priority

Other lower priority  selections included antitrust issues and trade where 53 percent of respondents felt trade didn’t impact their business.

Respondents to the survey also pointed to the tools they felt made it easier to start a successful business beyond capital. For example, close to 40 percent of the respondents highlighted education and training as important ingredients to a successful small business mix.

Broadband Internet

Entrepreneurs also stressed the importance of internet connectivity to starting and maintaining a business. An emphasis was placed on the availability of broadband internet with 40 percent of those polled saying reliable broadband makes it much easier to build a business.

Benefits

Benefits was another key issue with 45 percent of respondents saying lack of benefits made it harder to get a startup running. Similarly, 40 percent believed limiting access to healthcare would make it difficult to start a business.

Finally, student debt reform was another issue touched on. Although 50 percent didn’t place a high priority on this, one in five did see it as a problem. Fiver surveyed 1,000 U.S.-based marketplace customers from April until June of 2017.

Trump Photo via Shutterstock

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Rob Starr


Rob Starr Rob Starr is a Staff Writer for Small Business Trends. Rob is a freelance journalist and content strategist/manager with three decades of experience in both print and online writing. He currently works in New York City as a copywriter and all across North America for a variety of editing and writing enterprises.

2 Reactions

  1. Joel Libava

    Rob,

    I’m totally not surprised by your findings.

    Trump hasn’t done much, and he probably won’t be able to. He doesn’t have people around him who know how to get stuff passed.

    The Franchise King®

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