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Small Business Data

Small Business Insights: Quarterly survey of small businesses in the US, Canada, the UK, and Australia

Intuit QuickBooks Small Business Insights is a quarterly survey of the state of small business in the US, Canada, the UK, and Australia. Updated every three months, it covers small business hiring, revenue, financing, technology, innovation, and more.


The sample for each wave of the survey is approximately 5,000 small businesses across the US, Canada, the UK, and Australia. In the US, Canada, and the UK, the survey defines a small business as having up to 100 employees. In Australia, it's up to 50 employees.


Use the links below to dive into each topic, or to read more about the sample and methodology.

Latest small business insights: April 2024

The most recent data from the Intuit QuickBooks Small Business Insights survey is from April 2024. For the first time, the survey was also fielded in Australia in April 2024. The sample in Australia is 504 respondents from small businesses with up to 50 employees. Use the links below to explore each topic.

Hiring and pay

Find out how many small businesses are planning to hire over the next three months, whether hiring is getting easier or harder, and the current appetite for increasing pay at small businesses.

Retention and benefits

Find out whether employee retention is getting easier or harder for small businesses, how many small businesses plan to expand employee benefits over the next three months, and which benefits are considered most effective at retaining small business workers.

Prices and revenue

Find out how many small businesses are increasing their prices, whether revenue is up or down, and whether they expect revenue to increase or decrease over the next 3 months.

E-commerce trends

Find out whether small businesses are becoming more or less reliant on online sales as a source of revenue, and how important e-commerce is to small businesses.

Costs and cash flow

Find out how many small businesses are experiencing cash flow problems, whether cash flow is better or worse than a year ago, and whether small business operating costs are increasing or decreasing.

Invoices and late payments

Find out how many small businesses have overdue invoices, how much money they are owed in accounts receivable, and the typical payment terms used on small business invoices.

Financial health and challenges

Find out how many small businesses are growing or facing closure, the top challenges small businesses are currently facing, and how their financial health compares to a year ago.

Financing trends

Find out what types of financing small businesses have applied for recently, if the cost and availability of financing has worsened, the primary impact of worsening financing conditions, and if small businesses expect to be able to obtain financing over the next 12 months.

Credit card trends

Find out whether small businesses have been denied a credit card recently, how many credit cards they’re using, and the main advantages and disadvantages of using credit cards.

Digital tools, innovation, and technology

Find out how many small businesses are using digital tools such as software and AI to manage their business, what digital tools they’ve adopted, and how many own intellectual property. 

Digital adoption

Find out how many small businesses consider themselves early adopters of new digital tools, how they learn about digital tools,  the barriers to adopting these technologies, and who provides their primary IT support. 


Motivations and goals

Find out what motivates people to start small businesses, whether growth or stability is their primary goal, and the most popular exit strategies if or when they sell their business.

Sample and methodology


About the respondents (demographics)

About the respondents' small businesses (firmographics)

Methodology

Intuit QuickBooks Small Business Insights is an international, quarterly survey of small business health, opinions, and priorities commissioned by Intuit QuickBooks every three months since its launch in September 2021. Each wave has been fielded among small businesses in the US, Canada, and the UK. In April 2024, the survey was expanded to include small businesses in Australia as well.

Participants are small business owners and decision-makers from two sources:

  1. Dynata panel: 3,350 survey respondents per wave. Of these, 1,500 are from the US small businesses, 600 are from Canada, 750 are from the UK, and 500 are from Australia. On average, more than 50% of the respondents are small business owners. The remainder are senior decision-makers within small businesses who have a detailed knowledge of their employer's financial performance, workforce strategy, and business priorities. For each wave of the survey, 50% of the sample are repeat respondents who have previously taken the survey to allow opinions and business health to be tracked more effectively over time. Respondents receive remuneration. All responses are anonymous. In the US, Canada, and the UK, all respondents are from small businesses with 0 to 100 employees. In Australia, all respondents are from small businesses with 0 to 50 employees. Every effort is made to make these samples as representative as possible of small businesses in each country but as with all online surveys, there are limitations. To give the largest possible sample size for each wave of the survey, responses from the Dynata panel are combined with responses from the QuickBooks customer panel, described below, whenever possible.
  2. Intuit QuickBooks customer panel: The number of survey participants drawn from the Intuit QuickBooks customer base varies over time but the average is 2,000 respondents per wave. In the April 2024 wave, for example, the total number of QuickBooks customer respondents was 2,300; comprising 1,505 in the US, 405 in Canada, and 405 in the UK. Currently, the survey is not fielded among QuickBooks customers in Australia. Respondents are drawn from a pool of QuickBooks Online subscribers in the US, Canada, and the UK who have been active in their accounts in the past 30 days. As with the Dynata audience panel described above, respondents in the US, Canada, and the UK are typically from small businesses with 0 to 100 employees.


For clarity, percentages have been rounded to the nearest whole number so in some of the stacked column charts shown above, survey responses may not add up to 100% but 99% or 101%, for example, instead. Please also note that all responses to multiple choice questions are shown as a percentage of the total number of respondents, not the total number of responses, to better reflect the number of people who chose each answer option. As a result, in the corresponding grouped column charts shown above, the sum of the percentages will always be greater than 100.

Disclaimer

This content, report and materials are for informational purposes only and should not be considered legal, accounting, financial, investment, or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Intuit Inc., or its affiliates do not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Intuit Inc., or its affiliates do not warrant that the material contained herein will continue to be accurate nor that it is completely free of errors when published. Readers should verify statements before relying on them.


We provide third-party links as a convenience and for informational purposes only. Intuit Inc. or its affiliates do not endorse or approve these products and services, or the opinions of these corporations or organizations or individuals. Neither Intuit Inc. nor its affiliates assume responsibility for the accuracy, legality, or content on these sites.


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