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SOURCE The Alternative Board
TAB Maintains Pulse on Small Business
DENVER, March 11, 2013 /PRNewswire/ -- TAB Boards International, the world's largest franchise system providing peer advisory boards, business coaching services, and business leader alignment training celebrates the success of its model through the findings of a Small Business Pulse survey in December 2012. TAB conducts the survey quarterly to seek insights and establish a pulse of the health and confidence of the small business community.
The online survey queried 300 business owners, half of which were members of TAB Boards International. The results of the survey reflect findings from the first quarter of 2013 and reveal TAB members have a more positive outlook and strategy for their businesses in 2013.
Of those surveyed 65% of TAB members - business owners who have opted to join TAB Boards International – reported higher profits in 2012, while only 41% of non-TAB business owners could say the same. TAB members are 56% more likely than non-TAB members to add full-time employees in 2013. Additionally, the survey revealed TAB members to be 76% more confident for stronger profits in 2013 than non-TAB members.
"We were very happy to learn the small business community reported a stronger economy in 2012, and that they're optimistic about their economic prospects in 2013," expressed David Scarola, Vice President at TAB Boards International, Inc. "We are also delighted to confirm again that TAB's peer advisory boards result in members with stronger profits and greater optimism in the future."
Six out of ten of business owners surveyed ran family-owned organizations, and over three out of four have been in business for eight years or longer. Only one out of 10 business owners indicated they would not join an advisory board, such as those offered by TAB Boards International, for strategic guidance. When asked for best resources available for overcoming key challenges, business owners selected peer advisory boards as their overall top choice.
Additional survey findings indicate U.S. business owners find government to be the major obstacle to their success. Higher-grossing businesses tend to focus on operational challenges, while lower-grossing businesses are more concerned with marketing challenges. Businesses in the Midwest plan to bring on more full-time employees in 2013 than those in the western sector of the United States. The greatest optimism for profits in 2013 lies in the professional services sector.
Operating since 1990, The Alternative Board is an exclusive, membership-based organization helping business owners achieve profitability, productivity, and personal fulfillment. With its highly professional and structured peer advisory boards and private business coaching, The Alternative Board delivers real world advice that provides results-driven advantages that help business owners stay focused on what matters most. TAB operates in seven countries and its world headquarters is located near Denver, Colorado.
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TAB Boards International, Inc.
(303) 839-1200 ext.158
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