The events of the Arab Spring sparked important questions about whether or not the Arab world is ready for democracy. Although we have some understanding about the political preferences of average citizens and elites in the Arab world, the political preferences of entrepreneurs and particularly owners of small firms in the business community remain a gaping hole in the literature. But as Barrington Moore (1966) famously said: "No bourgeoisie, no democracy." Our paper examines the political preferences of entrepreneurs and small firm owners in the Arab world using quantitative and qualitative methodologies. First, we use the Arab Barometer survey dataset to examine the preferences about democracy among private employers of small firms, grocers, and craftspeople. We find that this segment of the business community has highly nuanced preferences about democracy. Next, we conduct a case study of Jordan based on field work and interviews with over 50 small-scale entrepreneurs. Our research reveals strong support for democracy among certain segments of the business community but deep skepticism about the merits of democracy in others.