Small Businesses to Be Survey Analysis

The purpose of my survey was to find out what small businesses would be most welcome in the neighborhood and have more chances to succeed. Target audience was Greenpoint residents, that’s why I promoted my survey in two relevant facebook groups: Welcome to Poland LOL JK you’re in Greenpoint and I GREW UP IN GREENPOINT. My blog post was also accepted by the major blog in my CD – The Greenpointers, but at the time of this analysis, it hasn’t been published yet. In total, I have got five responses. 40 percent of respondents identified themselves as Greenpoint residents. Their responses are the only relevant to the purpose of my survey, so first, I would like to present the quality data analysis.

(Click on the exhibit to make it larger)

Cinema appears in responses of both Greenpoint respondents: as a small business to open and as a desirable venue. Thus, it could be a good type of small business to consider for local entrepreneurs.

  Both Greenpoint residents express some discontent with the neighborhood food spots. Shops that don’t satisfy their needs are meat markets and grocery stores lacking fresh fish. So, based on the survey results, a small business selling fresh meat and/or fish in the neighborhood might also be a good option. In spite of the expert opinion about the advantage of businesses with no employees, most respondents said that they would open a business with 3-5 employees.

Respondents also showed they are not afraid of additional taxes per employee. Their responses could represent confidence and motivation for doing business or ignorance of the expert advice on the subject Meanwhile, it seems that most of the respondents considered Michael D. Jenkins’ point about the Unincorporated Business Tax exemption relevant.

Moving to the quantitative data analysis, a small business that may be good to run in such a neighborhood, as Greenpoint is a music shop.

40 percent of the total number of respondents referred to it either as about a business to open (specifically in Greenpoint and in general) or to see in the neighborhood. Tearooms and Natural food stores were also mentioned in both categories.

However, quantitative data analysis results are not representative considering the purpose and the target audience of the survey. That’s why, based on the relevant survey results, the most compelling new business in Greenpoint would be a small butcher’s or fresh fish shop. Still, this data is not sufficient to make business conclusions. To make them, the survey needs more responses.