I posted last week on survey data showing that small business owners feel they have more job security than they would if they worked for someone else. My post was part of a broader thread on entrepreneurs and risk started by John Tozzi.
I recently saw some additional survey data on this topic.
Network Solutions, as part of their broader Small Business Success Index project, asked small business owners of firms with less than 100 employees how successful they were at minimizing business risk. The survey question used a 10 point scale where 10 meant completely successful and 0 meant not at all successful.
The results for this question are:
- 19% responded 10
- 63% responded 7 or higher
- 88% responded 5 or higher
- Only 7% responded less than 5 (5% didn't know or didn't answer)
Despite the deep recession, the vast majority of small business owners clearly believe they are very good at managing risk.
Disclosure: Emergent Research has worked with Network Solutions in the past year.