Despite the economy avoiding a triple dip recession many leading entrepreneurs remain concerned about long-term growth prospects, according to the latest Smith & Williamson Enterprise Index. There was a marginal drop in the headline figure, although there were signs of positivity elsewhere.
The inaugural Index, carried out in January of this year, recorded a positive outlook as far as the economy was concerned, whilst the latest one has seen a slight dip in respondents’ optimism. The main concern for respondents centred around the fact they don’t believe Chancellor George Osborne is doing enough in terms of deficit reduction.
However, despite the fall in confidence, other figures from the survey suggest that the rise of crowdfunding as a means of finance for businesses could help with future growth.
With many businesses still struggling to get finance from the banks, crowdfunding is a route that many entrepreneurial businesses are considering.
Read more at Fresh Business Thinking