UK Entrepreneurs Optimism Index
by Startacus Admin
The current economic climate of the UK is extremely conducive to the creation and growth of new businesses; that's according to the first ever Entrepreneurs Optimism Index report by Major Law Firm Bircham Dyson Bell.
Their research, which included a survey of 279 entrepreneurs, was intended to provide a quantifiable indication of the overall state of enterprise confidence amongst business leaders in the UK at the moment. With no previous findings to be use as a benchmark, it is impossible to say if their conclusions represent a positive change, on the face of it, their reportings would certainly seem to indicate a fairly decent short term outlook!
For example they found that some 56% of companies have experienced an increase in revenue over the past 3 months and that 64% of entrepreneurs have managed to raise additional funding during this same timeframe. Other figures released suggest that this boost within the financial aspects of enterprise is increasing confidence in other areas too, with 92% predicting that they will be profitable within the next two months, over 50% intending to increase headcount over the coming months, and 74% saying that they would be confident in starting a new business within the current economic environment.
85% sourced private investment while the remaining 15% utilised government funding, shareholders and crowdfunding.
Hollie Gallagher, head of the entrepreneurs team at Bircham Dyson Bell, said:
“Our inaugural Entrepreneurs Optimism Index shows an incredibly positive outlook amongst the business community, which is now experiencing growing profitability, increasing customer demand and higher employment.
“Interestingly, from the research and speaking to our clients, we have seen that business leaders are not confining themselves to starting and running a single business – they have continued to innovate and explore, treating their entrepreneurialism as providing a job for life.”
Will the economic blue skies continue to brighten as we head towards winter? Or will Autumns tempestuous nature reflect in all things fiscal?
Perhaps it’s a tad early to be putting the brollies away just yet!
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Stashbee, the online sharing-economy platform for storage space, has announced a £1.6m funding round on leading European investment platform Seedrs.
The lowdown on Talentful, the startup that's using your cultural fit and personality to match you to a job and employer...
Hot flushes affect around 1.5 million women in the UK alone. Step forward Grace, the world's first automated tracking and cooling bracelet that counters menopausal hot flushes
The innovative startup that empowers restaurant managers and owners to measure and improve their customer experience.
upSTART, the startup pitch competition at Digital DNA 2019 will see over 20 disruptive NI-based startups pitch to determine who will win an all-expenses paid trip to explore the New York tech scene.
If you've not quite scraped the pounds together to get your 1st startup idea off the ground yet, don't fret! Here's a few top funding tips to consider.
If you are running a business, it’s important for you to understand financial matters, too, Here's some handy accounting reminders!
Holland-based startup Active Cues has created a simple product to engage children and adults with cognitive challenges...
The startup that's empowering people to participate in their health and wellbeing decisions with easy-to-understand health insights.
The startup that's aiming to reduce loneliness and social isolation through warm technology...
Published on: 21st September 2015
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Stashbee announces £1.6m funding round on Seedrs 17th Jun 2019 Stashbee, the online sharing-economy platform for storage space, has announced a £1.6m funding round on leading European investment platform Seedrs.
- The upSTART finalists at Digital DNA 2019 13th Jun 2019 upSTART, the startup pitch competition at Digital DNA 2019 will see over 20 disruptive NI-based startups pitch to determine who will win an all-expenses paid trip to explore the New York tech scene.
- Lloyd's Lab announces third round of applications 3rd Jun 2019 From data sharing to next generation claims, insurance industry focused tech startups are currently being sought after to join Lloyd's Lab cohort 3.
- Startup Exhibitor package at Digital DNA 2019 28th May 2019 New startup exhibitor package at Digital DNA 2019 gives startups access to 150 Speakers, an estimated 3,000 attendees, 121 investor meetings, a startup pod to exhibit and 4 x 1 full-access exhibition tickets!
