According to the latest Small Business Economic Trends survey conducted by the National Federation of Independent Businesses, 31 percent of respondents said the single most important problem facing small businesses is “poor sales.” “Taxes” and “Government Regulations and Red Tape” came in second and third place at 22 percent and 13 percent respectively. Combining the two, the biggest problem facing small businesses according to respondents is government.
Wow. Government regulation and high taxes are bad for business. Who’d have thought? Don’t worry, though — the government is working on helping small businesses out – by increasing taxes and regulation.