{"id":715,"date":"2018-07-25T11:31:14","date_gmt":"2018-07-25T11:31:14","guid":{"rendered":"https:\/\/www.insurancebee.com\/blog\/?p=715"},"modified":"2023-02-08T10:04:09","modified_gmt":"2023-02-08T10:04:09","slug":"smb-owners-on-trump","status":"publish","type":"post","link":"https:\/\/www.insurancebee.com\/blog\/smb-owners-on-trump","title":{"rendered":"What do SMB owners think of Trump\u2019s policies? Our survey says…"},"content":{"rendered":"

\"SMB<\/p>\n

When Trump took office, he promised to tackle issues facing small business owners.<\/p>\n

It\u2019s been 18 months since he won his way into the White House. So, what do SMB owners think of the policies introduced by his government since then?<\/p>\n

Of the 1,000 SMB owners we recently surveyed<\/a>, only 25% believe Trump\u2019s administration will benefit their business. Over half (55%) think it poses a threat.<\/p>\n

While trade issues worry 12% of SMB owners, their major concerns are over the tax (31%) and healthcare (30%) reforms. Last year\u2019s tax bill didn\u2019t just cause confusion over healthcare insurance, it focussed too much on corporates and not enough on the needs of small businesses, they reported.<\/p>\n

Breaking down barriers<\/strong><\/h2>\n

But it\u2019s not just about tax. More than a quarter (27%) of SMB owners think Trump\u2019s government isn\u2019t doing enough to help their business grow. Economic uncertainty, lack of access to funding, loans and grants, regulatory changes and tariffs, these were all cited as barriers to growth.<\/p>\n

On the flip side, nearly a third (30%) of SMB owners we surveyed think the administration\u2019s new measures present no risk to their business whatsoever. In fact, over a quarter of them (26%) believe the Trump administration will be good for business.<\/p>\n

Perhaps understandably, more men (35%) than women (22%) believe this.<\/p>\n

Heads up<\/strong><\/h2>\n

But 24% of SMB owners are so optimistic about business growth, they told us they\u2019ll be hiring more staff in the next 24 months. And it was the 25-34 year olds who turned out to be the most positive. In 2 years\u2019 time, a third (32%) of them expect to have increased headcount.<\/p>\n

To be honest, we weren\u2019t too surprised by our findings.  The political climate in the US divides opinion, after all.<\/p>\n

Risky business<\/strong><\/h2>\n

You know what did <\/em>surprise us? Given over half of the SMB owners we surveyed think Trump\u2019s policies pose a risk to their business, almost a third have no insurance<\/a>.<\/p>\n

Until its policies on regulation and healthcare are finalised, it\u2019s tricky for SMB owners to predict the current administration\u2019s impact on their businesses. We get that.<\/p>\n

But why take the risk? Protecting your income and assets should be your number one priority.<\/p>\n

You can find out more about our small business insurance products here<\/a>.<\/p>\n

And if you\u2019d like to see more stats from our Risk Survey, check out our infographic<\/a>.<\/p>\n

Image used under license from Shutterstock.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

When Trump took office, he promised to tackle issues facing small business owners. It\u2019s been 18 months since he won his way into the White House. So, what do SMB owners think of the policies introduced by his government since … Read more…<\/a><\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-715","post","type-post","status-publish","format-standard","hentry","category-small-business-news"],"yoast_head":"\r\nWhat do SMB owners think of Trump's policies? | InsuranceBee<\/title>\r\n<meta name=\"description\" content=\"When Trump took office, he promised to tackle issues facing small business owners. So, what do SMB owners think of the policies introduced so far?\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.insurancebee.com\/blog\/smb-owners-on-trump\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"What do SMB owners think of Trump's policies? | InsuranceBee\" \/>\r\n<meta property=\"og:description\" content=\"When Trump took office, he promised to tackle issues facing small business owners. So, what do SMB owners think of the policies introduced so far?\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.insurancebee.com\/blog\/smb-owners-on-trump\" \/>\r\n<meta property=\"og:site_name\" content=\"InsuranceBee Blog\" \/>\r\n<meta property=\"article:published_time\" content=\"2018-07-25T11:31:14+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2023-02-08T10:04:09+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.insurancebee.com\/blog\/wp-content\/uploads\/2018\/07\/shutterstock_655551922.jpg\" \/>\r\n<meta name=\"author\" content=\"Kate Naqvi\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kate Naqvi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/smb-owners-on-trump#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/smb-owners-on-trump\"},\"author\":{\"name\":\"Kate Naqvi\",\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/#\\\/schema\\\/person\\\/25d21b56419ae3d58431b36966e079bf\"},\"headline\":\"What do SMB owners think of Trump\u2019s policies? Our survey says…\",\"datePublished\":\"2018-07-25T11:31:14+00:00\",\"dateModified\":\"2023-02-08T10:04:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/smb-owners-on-trump\"},\"wordCount\":410,\"image\":{\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/smb-owners-on-trump#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/wp-content\\\/uploads\\\/2018\\\/07\\\/shutterstock_655551922.jpg\",\"articleSection\":[\"Small business news\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/smb-owners-on-trump\",\"url\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/smb-owners-on-trump\",\"name\":\"What do SMB owners think of Trump's policies? | InsuranceBee\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/smb-owners-on-trump#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/smb-owners-on-trump#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/wp-content\\\/uploads\\\/2018\\\/07\\\/shutterstock_655551922.jpg\",\"datePublished\":\"2018-07-25T11:31:14+00:00\",\"dateModified\":\"2023-02-08T10:04:09+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/#\\\/schema\\\/person\\\/25d21b56419ae3d58431b36966e079bf\"},\"description\":\"When Trump took office, he promised to tackle issues facing small business owners. So, what do SMB owners think of the policies introduced so far?\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/smb-owners-on-trump#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/smb-owners-on-trump\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/smb-owners-on-trump#primaryimage\",\"url\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/wp-content\\\/uploads\\\/2018\\\/07\\\/shutterstock_655551922.jpg\",\"contentUrl\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/wp-content\\\/uploads\\\/2018\\\/07\\\/shutterstock_655551922.jpg\",\"width\":500,\"height\":334,\"caption\":\"Trade issues and tax and healthcare reforms worry SMB owners.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/smb-owners-on-trump#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What do SMB owners think of Trump\u00e2\u20ac\u2122s policies? Our survey says…\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/\",\"name\":\"InsuranceBee Blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/#\\\/schema\\\/person\\\/25d21b56419ae3d58431b36966e079bf\",\"name\":\"Kate Naqvi\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2df945b683e8ace226a95eaee740a2d6c6f5b81854bbc81200f437e4e55344ce?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2df945b683e8ace226a95eaee740a2d6c6f5b81854bbc81200f437e4e55344ce?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2df945b683e8ace226a95eaee740a2d6c6f5b81854bbc81200f437e4e55344ce?s=96&d=mm&r=g\",\"caption\":\"Kate Naqvi\"},\"url\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/author\\\/kate-naqvi\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What do SMB owners think of Trump's policies? | InsuranceBee","description":"When Trump took office, he promised to tackle issues facing small business owners. So, what do SMB owners think of the policies introduced so far?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.insurancebee.com\/blog\/smb-owners-on-trump","og_locale":"en_US","og_type":"article","og_title":"What do SMB owners think of Trump's policies? | InsuranceBee","og_description":"When Trump took office, he promised to tackle issues facing small business owners. So, what do SMB owners think of the policies introduced so far?","og_url":"https:\/\/www.insurancebee.com\/blog\/smb-owners-on-trump","og_site_name":"InsuranceBee Blog","article_published_time":"2018-07-25T11:31:14+00:00","article_modified_time":"2023-02-08T10:04:09+00:00","og_image":[{"url":"https:\/\/www.insurancebee.com\/blog\/wp-content\/uploads\/2018\/07\/shutterstock_655551922.jpg","type":"","width":"","height":""}],"author":"Kate Naqvi","twitter_misc":{"Written by":"Kate Naqvi","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.insurancebee.com\/blog\/smb-owners-on-trump#article","isPartOf":{"@id":"https:\/\/www.insurancebee.com\/blog\/smb-owners-on-trump"},"author":{"name":"Kate Naqvi","@id":"https:\/\/www.insurancebee.com\/blog\/#\/schema\/person\/25d21b56419ae3d58431b36966e079bf"},"headline":"What do SMB owners think of Trump\u2019s policies? Our survey says…","datePublished":"2018-07-25T11:31:14+00:00","dateModified":"2023-02-08T10:04:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.insurancebee.com\/blog\/smb-owners-on-trump"},"wordCount":410,"image":{"@id":"https:\/\/www.insurancebee.com\/blog\/smb-owners-on-trump#primaryimage"},"thumbnailUrl":"https:\/\/www.insurancebee.com\/blog\/wp-content\/uploads\/2018\/07\/shutterstock_655551922.jpg","articleSection":["Small business news"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.insurancebee.com\/blog\/smb-owners-on-trump","url":"https:\/\/www.insurancebee.com\/blog\/smb-owners-on-trump","name":"What do SMB owners think of Trump's policies? | InsuranceBee","isPartOf":{"@id":"https:\/\/www.insurancebee.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.insurancebee.com\/blog\/smb-owners-on-trump#primaryimage"},"image":{"@id":"https:\/\/www.insurancebee.com\/blog\/smb-owners-on-trump#primaryimage"},"thumbnailUrl":"https:\/\/www.insurancebee.com\/blog\/wp-content\/uploads\/2018\/07\/shutterstock_655551922.jpg","datePublished":"2018-07-25T11:31:14+00:00","dateModified":"2023-02-08T10:04:09+00:00","author":{"@id":"https:\/\/www.insurancebee.com\/blog\/#\/schema\/person\/25d21b56419ae3d58431b36966e079bf"},"description":"When Trump took office, he promised to tackle issues facing small business owners. So, what do SMB owners think of the policies introduced so far?","breadcrumb":{"@id":"https:\/\/www.insurancebee.com\/blog\/smb-owners-on-trump#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.insurancebee.com\/blog\/smb-owners-on-trump"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.insurancebee.com\/blog\/smb-owners-on-trump#primaryimage","url":"https:\/\/www.insurancebee.com\/blog\/wp-content\/uploads\/2018\/07\/shutterstock_655551922.jpg","contentUrl":"https:\/\/www.insurancebee.com\/blog\/wp-content\/uploads\/2018\/07\/shutterstock_655551922.jpg","width":500,"height":334,"caption":"Trade issues and tax and healthcare reforms worry SMB owners."},{"@type":"BreadcrumbList","@id":"https:\/\/www.insurancebee.com\/blog\/smb-owners-on-trump#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.insurancebee.com\/blog"},{"@type":"ListItem","position":2,"name":"What do SMB owners think of Trump\u00e2\u20ac\u2122s policies? Our survey says…"}]},{"@type":"WebSite","@id":"https:\/\/www.insurancebee.com\/blog\/#website","url":"https:\/\/www.insurancebee.com\/blog\/","name":"InsuranceBee Blog","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.insurancebee.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.insurancebee.com\/blog\/#\/schema\/person\/25d21b56419ae3d58431b36966e079bf","name":"Kate Naqvi","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/2df945b683e8ace226a95eaee740a2d6c6f5b81854bbc81200f437e4e55344ce?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/2df945b683e8ace226a95eaee740a2d6c6f5b81854bbc81200f437e4e55344ce?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2df945b683e8ace226a95eaee740a2d6c6f5b81854bbc81200f437e4e55344ce?s=96&d=mm&r=g","caption":"Kate Naqvi"},"url":"https:\/\/www.insurancebee.com\/blog\/author\/kate-naqvi"}]}},"_links":{"self":[{"href":"https:\/\/www.insurancebee.com\/blog\/wp-json\/wp\/v2\/posts\/715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.insurancebee.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.insurancebee.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.insurancebee.com\/blog\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.insurancebee.com\/blog\/wp-json\/wp\/v2\/comments?post=715"}],"version-history":[{"count":17,"href":"https:\/\/www.insurancebee.com\/blog\/wp-json\/wp\/v2\/posts\/715\/revisions"}],"predecessor-version":[{"id":3248,"href":"https:\/\/www.insurancebee.com\/blog\/wp-json\/wp\/v2\/posts\/715\/revisions\/3248"}],"wp:attachment":[{"href":"https:\/\/www.insurancebee.com\/blog\/wp-json\/wp\/v2\/media?parent=715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.insurancebee.com\/blog\/wp-json\/wp\/v2\/categories?post=715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.insurancebee.com\/blog\/wp-json\/wp\/v2\/tags?post=715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}