Entrepreneurs and Business Owners Show Positive Outlook for 2014
In December, 2013, Catapult Groups unveiled the first of our new quarterly Catapult Groups Entrepreneurial Index. The Index is designed as a forecasting tool to assess how business owners across the United States feel about the business climate for the first quarter of 2014. The survey was distributed to both members of Catapult Groups and to non-member business owners.
The response to our survey was overwhelming positive. A sizable majority of entrepreneurs and business owners anticipate revenues to expand in the first quarter of 2014 and many anticipate an increase in hiring during that time.
Here are the five questions posed in the survey and the percentage of responses:
Do you expect revenues to expand or contract?
- Expand: 86.2%
- Contract: 13.7%
Do you expect to hire/downsize/stay the same?
- Hire: 51.7%
- Downsize: 6.8%
- Stay the same: 41.3%
Your impression of the overall business climate:
- Improving: 68.9%
- Declining: 10.3%
- Staying the same: 20.6%
Do you expect to make any capital investments in your business?
- Yes: 62.0%
- No: 37.9%
Do you expect to finance your business through a loan from a commercial bank?
- Yes: 6.8%
- No: 75.8%
- Use alternative financing: 20.6%
If you’re also upbeat about your business prospects for 2014, now is a good time to explore the benefits of membership in Catapult Groups. We invite you to join other entrepreneurs, CEOs, and senior-level executives in a confidential group setting where you’ll be challenged and rewarded like never before in your professional life. Learn more about becoming a Catapult Group member today.