Monthly Polling Results

November 2021

November 30, 2021

SBIQ: 56.5
Current Conditions Rating: 59.1
Future Expectations Rating: 54.5

Washington, D.C. (December 9, 2021)—Today, the Job Creators Network Foundation (JCNF) released its November Monthly Monitor poll of 500 small business owners. The survey reveals small businesses remain uneasy about Biden administration policies. Fifty-seven percent of respondents say proposed tax increases will hurt the small businesses community, while nearly half believe staff will quit if a vaccine mandate is implemented.

The poll’s Small Business Intelligence Quotient (SBIQ), an index tracking overall small business optimism, improved in November after declining for three consecutive months. The indicator now stands at 56.5—down roughly 11 percent from the SBIQ’s peak in July. But it’s important to note the SBIQ is not seasonally adjusted. While some small businesses are enjoying a holiday high, the smallest employers remain uneasy about current and future economic conditions.

For example, only 32 percent of businesses with between two and nine employees would rate the current economy as good or excellent, compared to 45 percent of those with 20 or more workers. And only 24 percent of smaller employers are looking to bring on more staff over the next three months, compared to 72 percent of small businesses with more than 20 workers.

In November, the top five concerns facing small businesses were:

1.) High Prices/Inflation

2.) Consumer Spending

3.) General Operating Costs

4.) Supply Chain Disruptions

5.) Taxes

View more polling details and crosstab here. View historical data here.

Elaine Parker, President of the Job Creators Network Foundation, released the following statement:

“For the first time in three months, small business sentiment has improved—a sign that an uptick in consumer spending going into the holiday season is giving some businesses a boost. However, systemic economic problems continue to eat away at the smallest small businesses who, unlike their larger counterparts, are having a more difficult time navigating supply chain problems and pricing-in high inflation. And there doesn’t seem to be light at the end of the tunnel. In fact, the looming coronavirus vaccine mandate threatens to make matters even worse for many small businesses by intensifying the labor shortages already plaguing Main Street.”

Poll Results:

If Your Business is Subject to a Vaccine Mandate, Will You Pass Costs Down to Employees?

Yes
31%
No
47%
Unsure
22%

If Your Business is Required to Enforce a Worker Vaccine Mandate, Will Employees Quit?

Yes
49%
No
34%
Unsure
17%

Should Employers Be The Ones Required to Enforce Worker Vaccines?

Yes
36%
No
53%
Unsure
11%

Do You Support Requiring Your Own Employees to be Vaccinated?

Support
43%
Oppose
52%
Unsure
5%

If the Vaccine Mandate Expanded to Businesses with Under 100 Employees, Would Your Company Suffer? (Respondents Under 100)

Yes
42%
No
50%
Unsure
8%

Do You Support a Vaccine Mandate for Employers with 100 or More Workers?

Strongly Support
26%
Somewhat Support
15%
Somewhat Oppose
11%
Strongly Oppose
43%
Unsure
6%

Will a Vaccine Mandate Make it Harder to Find Employees?

Yes
64%
No
25%
Unsure
10%

Would Requiring Businesses to Verify a Worker’s Vaccine Status Help or Hurt a Small Business?

Hurt
16%
No Impact
39%
Hurt
42%

Would Future Lockdowns with Business Restrictions Help or Hurt Small Businesses?

Help
13%
No Impact
15%
Hurt
70%

Are You Concerned About Covid Cases Causing Government Mandates That Will Impact Businesses?

Concerned
78%
Not Concerned
22%

What Do You Think About Applying a 5% to 8% Tax Surcharge on People Who Make $10 Million or More? (Includes Many Pass-Through Businesses)

Strongly Support
21%
Somewhat Support
19%
Somewhat Oppose
20%
Strongly Oppose
30%
Unsure
10%

Will Biden Administration Tax Increases Help or Hurt Small Business?

Help
16%
No Impact
20%
Hurt
57%