South Florida Business Survey Results€¦ · professionals from all over South Florida including...
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South Florida Business Survey Results JUNE 2015 6/23/2015 The South Florida Business Climate Member FDIC
Transcript of South Florida Business Survey Results€¦ · professionals from all over South Florida including...
South Florida Business Survey Results
JUNE 2015
6/23/2015 The South Florida Business Climate Member FDIC
Mercantil Commercebank held its 3rd Annual Tri-County Networking Event at the
Seminole Hard Rock Hotel & Casino in Hollywood, FL. • The event took place on June 4th, 2015, and united business
professionals from all over South Florida including Miami-Dade, Broward, Palm Beach and Boca Raton.
• At the event, Mercantil Commercebank took the opportunity to ask
business professionals what they had to say about their biggest challenges and successes this year through a brief survey.
•A total of 132 business professionals participated in the survey.
6/23/2015 The South Florida Business Climate Member FDIC
What is your position/title in the company?
6/23/2015 The South Florida Business Climate Member FDIC
President/CEO, 28%
Owner, 16%
Vice President, 13%
Manager, 16%
Associate, 12%
Advisor, 2%
Broker, 3% Other, 10%
President/CEO
Owner
Vice President
Manager
Associate
Advisor
Broker
Other
58
43
4 5 19
1 - 6 7 - 250 251 - 500 501 - 1000 1000+
How many people does your business or firm employ?
Minute/Micro Small Medium Large Enterprise
45% 3% 14% 34% 4%
Business sizes according to the Small Business Administration
6/23/2015 The South Florida Business Climate Member FDIC
Describe your work/office space:
6/23/2015 The South Florida Business Climate Member FDIC
44%
42%
14% Own Commercial Space
Rent Commercial Space
Work from Home
According to The U.S. Small Business Administration, the small business sector in America occupies 30-50% of all commercial space, an estimated 20-34 billion square feet.
FUN FACT:
During the last 12 months, what has been your greatest challenge?
6/23/2015 The South Florida Business Climate Member FDIC
29%
20%
17%
10% 9%
7% 8%
0%
5%
10%
15%
20%
25%
30%
35%
Increasing Sales Time Management Finding/Retaining Talent
Competition Improving Operational Efficiencies
Expense Control Other
Do you estimate that the sales volume of your business is higher, lower, or about the same as last year?
About 96% of surveyed professional’s business sales either grew or remained the same this past year.
6/23/2015 The South Florida Business Climate Member FDIC
4%
18%
78%
0%
20%
40%
60%
80%
Lower About The Same Higher
Which would have the most significant impact on moving your business to the next level?
3%
10%
13%
20%
54%
Other
More Staff
Economic Growth
More Capital
More Sales
6/23/2015 The South Florida Business Climate Member FDIC
If financial and human resources were unlimited, select the one strategy that would help you increase sales by the greatest amount.
4%
5%
5%
8%
11%
11%
24%
32%
Other
Print Advertising
More Non-Sales Support Staff
New Products/Services
Improved Technology
Geographic Expansion
Online Marketing/SEO
More Sales People
6/23/2015 The South Florida Business Climate Member FDIC
Which are you planning to do in the next 12 months?
8%
9%
9%
11%
30%
33%
Increase Inventory
Add / Upgrade Technology
Increase Price of Products/Services
Increase Capital Spending
Increase Presence on Internet/Social Media
Hire New Talent / Create New Jobs
6/23/2015 The South Florida Business Climate Member FDIC
What form of marketing does your business or firm rely on most to develop new business?
0%
1%
4%
5%
8%
14%
17%
51%
Print Advertising
Social Networking
Loyalty of Existing Clients
Online Advertising/Website
Other
Direct Calling/Sales Force
Networking
Referrals
6/23/2015 The South Florida Business Climate Member FDIC
Where do the majority of your new business referrals come from?
6%
7%
9%
20%
58%
Other
Accountant/Attorney/Other Professional Advisory
Friends and Family
Colleagues/Members of Associations Where You Are A Member
Existing Customers
6/23/2015 The South Florida Business Climate Member FDIC
Do you generate business from:
6/23/2015 The South Florida Business Climate Member FDIC
This Event
Chamber of Commerce Events
Other Networking Events
61%
82%
92%
29%
18%
8%
10%
No Response No Yes
Thank You
6/23/2015 The South Florida Business Climate Member FDIC
