Entrepreneurs appear slightly more optimistic about their prospects for the coming year, according to a new index released last week by the Ewing Marion Kauffman Foundation and LegalZoom.
The Kauffman/LegalZoom Startup Confidence Index shows 81 percent of surveyed entrepreneurs are confident their organizations will be more profitable in 2012. More than one-quarter of respondents plan to hire staff this year, and roughly three-quarters expect consumer demand to either rise or stay the same.
The index reflects the general uptick in economic sentiment noted in recent weeks, as employment, business confidence, and consumer activity have shown signs of improvement. Even the much-ailed housing sector has begun to allude to a slow recovery, which bodes well for entrepreneurs looking to form an LLC in California, Florida, or Nevada, where foreclosure rates have been particularly high.
"Despite the recent downward trends in business starts and startup hiring, these data suggest new business owners have adopted the optimistic entrepreneurial spirit as they anticipate what lies ahead for their businesses in 2012," said Robert Litan, vice president of research and policy at the Kauffman Foundation.
Tags : entrepreneur, LLC, LP, California
Posted: Feb 21st, 2012