Small Business Association of Michigan Spring 2023 Survey 

What is your Industry?

Professional services
Retail
Restaurant/Food Service
Manufacturing
Health Care
Agriculture
Non-profit
Construction
Seasonal/Tourism
Transportation
Other:
How many employees do you have today?

Sole Proprietor
1-10
11-50
51-100
100+
Are you having a hard time finding and keeping your business fully-staffed?

No, it is not harder than it was before the pandemic
Yes, it is somewhat harder than it used to be
Yes, it is significantly harder to keep my business fully staffed
What have you done differently to attract and maintain employees in the past year?
check all that apply
Increased wages
Increased benefits (not including paid time off)
Given additional paid time off
Offered more flexibility in the work schedule and more remote work opportunities
Nothing
What resources are you using to find employees?
check all that apply
Online Job Postings
College/University Placements
Staffing Agency
Word of Mouth
Employee Referrals
Other:
In the past year, how has the size of your workforce changed?

Decreased by more than 20%
Decreased between 10% and 19%
Decreased between 0% and 9%
Staffing levels are basically unchanged
Increased between 0% and 9%
Increased between 10% and 19%
Increased by more than 20%
How do you expect your employment levels to change in the year ahead?

Decrease by more than 20%
Decrease between 10% and 19%
Decrease between 0% and 9%
Staffing levels will be basically unchanged
Increase between 0% and 9%
Increase between 10% and 19%
Increase by more than 20%
How much has the cost of compensation (including benefits) of your employees changed in the past year?

Total compensation per employee has fallen by more than 10%
Total compensation per employee has fallen between 5% and 10%
Total compensation per employee is generally unchanged (up or down 5% or less)
Total compensation per employee has increased between 5% and 10%
Total compensation per employee has increased by more than 10%
Which benefits do you currently offer your employees?
check all that apply
Health Insurance
Life & Disability Insurance
Retirement Plan
Paid Time Off
Other:
How much has the cost of your health insurance benefits increased this past year?

0% - 4%
5% - 9%
10% - 14%
15% - 20%+
What steps, if any, have you taken to mitigate the increased cost of health insurance?

Increase deductibles and co-pays
Change carriers
Increase premium-sharing with employees
Dropped coverage/eliminated insurance as an employee benefit
Other:
In the past 12 months did your gross revenues:

Decline by more than 25%
Decline by 6% to 24%
Stay about the same (up or down by 5% or less)
Increase by 6% to 24%
Increase by more than 25%
In the next 12 months, do you expect your gross revenues to:

Decline by more than 25%
Decline by 6% to 24%
Stay about the same (up or down by 5% or less)
Increase by 6% to 24%
Increase by more than 25%
Which of the following problems is your business currently facing?
check all that apply
Declining sales trends
Difficulty finding and keeping employees
Access to capital
Cash flow
Inflation
Supply chain disruptions
Other:
How significant are supply chain shortages impacting your business?

Extreme Impact
Moderate Impact
Little Impact
No Impact
How significant are supply chain shortages impacting the businesses of your customers?

Extreme Impact
Moderate Impact
Slight Impact
No Impact
I don't know
How much has the rising cost of energy impacted your business?

Extreme Impact
Moderate Impact
Little Impact
No Impact
Is your business experiencing higher cost increases compared to normal times?

No, our cost increases are pretty normal
Yes, our costs are increasing somewhat more than usual
Yes, our costs are increasing substantially more than usual
How are you feeling about the prospects for your business over the next six months?

Very pessimistic
Somewhat pessimistic
Neutral
Somewhat optimistic
Very optimistic
How are you feeling about the long-term survival of your business?

Very pessimistic
Somewhat pessimistic
Neutral
Somewhat optimistic
Very optimistic
In 2023 has your confidence in the future of your business:

Increased
Decreased
Stayed the Same
If your confidence has decreased, tell us why.