From: Inc.com | November 5, 2008 By: Kelly Faircloth
Many business owners say they would've launched ventures despite the shaky economy, a survey finds.
An overwhelming majority of entrepreneurs say they're undeterred by the shaky economy and would have launched their businesses anyway, according to a survey released this week by Ernst and Young.
Of 116 business owners drawn from the New York-based accounting firm's Entrepreneur of the Year finalists, 92 percent said a poor economy would not have stopped them from launching their startup. As it is, most of the owners launched their businesses during recent boom times.
While many said they're worried the U.S. economy is weaker than believed, 54 percent said they're confident the country will maintain its global economic prominence, the survey found. Over half of the survey responds said they felt their greatest contribution to the economy was job creation, while 28 percent cited innovation and quality of life.
"This survey illustrates the contribution entrepreneurs make by creating jobs, improving local communities and bolstering the larger U.S. economy," Larry Haynes, Americas Director, Ernst & Young LLP Entrepreneur of the Year program, said in a statement.
At the same time, a majority of respondents said they wanted more government support for small businesses, with many saying they're personally involved in policy issues or have appealed to a politician for policy changes. Among their top concerns are rising health care and energy costs, the survey found.
An overwhelming majority of entrepreneurs say they're undeterred by the shaky economy and would have launched their businesses anyway, according to a survey released this week by Ernst and Young.
Of 116 business owners drawn from the New York-based accounting firm's Entrepreneur of the Year finalists, 92 percent said a poor economy would not have stopped them from launching their startup. As it is, most of the owners launched their businesses during recent boom times.
While many said they're worried the U.S. economy is weaker than believed, 54 percent said they're confident the country will maintain its global economic prominence, the survey found. Over half of the survey responds said they felt their greatest contribution to the economy was job creation, while 28 percent cited innovation and quality of life.
"This survey illustrates the contribution entrepreneurs make by creating jobs, improving local communities and bolstering the larger U.S. economy," Larry Haynes, Americas Director, Ernst & Young LLP Entrepreneur of the Year program, said in a statement.
At the same time, a majority of respondents said they wanted more government support for small businesses, with many saying they're personally involved in policy issues or have appealed to a politician for policy changes. Among their top concerns are rising health care and energy costs, the survey found.
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