There’s great news today for entrepreneurs and America’s unemployed from the Kauffman Foundation. More than 80% of entrepreneurs expect their business to be more profitable in 2012, according to the inaugural Kauffman/LegalZoom Startup Confidence Index. In addition, 25% of respondents said they expect to hire additional staff this year, and nearly 70% of respondents expected the economy to continue improving in 2012 or stay the same.
"Entrepreneurs drive the economy and, while this survey is one monitor on one group of entrepreneurs who matter, it may be a leading indicator that the trends are turning around,” said Robert Litan, vice president of research and policy at the Kauffman Foundation. Previous Kauffman research indicated that all net new jobs in America during the past 30 years are directly attributable to startups.
Litan also said that "despite the recent downward trends in business starts and startup hiring, these data suggest new business owners have adopted the optimistic entrepreneurial spirit” for 2012.