Business owners increasingly planning launches
Michael Alston, 23 (2/8/2023; “Over 58% of Aspiring Business Owners Say ‘Now is a Good Time’ to Launch Their Startups”; Franchise Insights; https://www.franchiseinsights.com/small-business-startup-sentiment-index/over-58-of-aspiring-business-owners-say-now-is-a-good-time-to-launch-their-startups/) //LVL
February 8, 2023 – As of January 2023, 76.6% of aspiring business owners are planning to launch their businesses within the next 12 months. And now, 58.4% of aspiring business owners either agree or strongly agree that “now is a good time to start a business”, consistent with the prior month, but down from the high of 73.5% as recently as February 2022.
FranchiseInsights.com compiles monthly the Small Business Startup Sentiment Index™ (SSI) of individuals who have recently inquired about businesses for sale.
While 20.8% see business conditions deteriorating in three months, 79.2% still see conditions for business startups “the same or better in three months.” In January 2023, 41.6% of entrepreneurs planned their startups within the next three months, down from August’s recent high of 69.2%.