While a majority of startup business owners do not believe the economy will grow in the next 12 months, 83 percent are nonetheless confident that their own profits will, according to the fourth-quarter Kauffman/LegalZoom Startup Confidence Index.
Entrepreneurs' expectations for the U.S. economy declined overall, but there is a significant optimism gap between older entrepreneurs and those between the ages of 18 and 40, according to the third-quarter Kauffman/LegalZoom Startup Confidence Index.
Despite remaining generally confident about the prognosis for their own businesses, startup company owners sent mixed signals about their overall economic outlook for the next 12 months, according to the 2012 second quarter Kauffman/LegalZoom Startup Confidence Index.
Owners of startup companies were surprisingly optimistic about 2012, according to the first Kauffman/LegalZoom Startup Confidence Index. More than one-fourth of the respondents said they plan to hire additional staff in 2012, and twice as many of them expect the economy to improve or stay the same (68 percent) as those who expect it to deteriorate (31 percent).