Executive Briefings

Start-ups Confident About Their Own Profits in 2013, But Not About Economy as a Whole, Survey Finds

While a majority of start-up business owners do not believe the economy will grow in the next 12 months, 83 percent are nonetheless confident that their own profits will, according to the fourth-quarter Kauffman/LegalZoom Startup Confidence Index.

The findings are based on 693 responses to a nationwide, September 2012 survey. The Startup Confidence Index is conducted quarterly by the Kaufman Foundation to gauge entrepreneurial confidence. The latter finding represented a 4-percent rise from the previous quarterly survey, conducted in July 2012, and was the highest confidence level expressed by entrepreneurs in any of the 2012 quarterly surveys.

Forty-one percent of entrepreneurs reported being very confident in future profitability in the fourth-quarter survey, compared to 39 percent in the third quarter. The number of respondents who were somewhat confident in future profitability rose from 40 percent in the third quarter to 42 percent in the fourth-quarter survey.

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The findings are based on 693 responses to a nationwide, September 2012 survey. The Startup Confidence Index is conducted quarterly by the Kaufman Foundation to gauge entrepreneurial confidence. The latter finding represented a 4-percent rise from the previous quarterly survey, conducted in July 2012, and was the highest confidence level expressed by entrepreneurs in any of the 2012 quarterly surveys.

Forty-one percent of entrepreneurs reported being very confident in future profitability in the fourth-quarter survey, compared to 39 percent in the third quarter. The number of respondents who were somewhat confident in future profitability rose from 40 percent in the third quarter to 42 percent in the fourth-quarter survey.

Read Full Article