Survey says Funding is the Biggest Barrier to Business Startup

Survey says Funding is the Biggest Barrier to Business Startup
Respondents cite “funding or access to credit” as the biggest barrier to starting a business according to a February 2020 survey of aspiring small business owners.

Over 66% select “funding or access to credit” as the biggest impediment, on par with last month’s survey result, and double the number of respondents who select “economic climate.

JanuaryFebruary
Funding or access to credit68.5%66.7%
Economic climate31.5%24.1%
Other (misc.)10.1%16.1%
Regulatory changes10.1%11.5%
Stock market7.9%11.5%
Political changes9.0%9.2%
Tax law changes12.4%5.7%

 

In the next monthly survey coming soon, we will get a fresh view of how concerns about coronavirus impact and financial market stress bear on prospects for franchise purchases.

The Small Business Startup Sentiment Index™ is based on a monthly survey of individuals who have recently inquired about starting up or buying a business.

Interested in more insights from our proprietary data set? Follow us on LinkedIn.

Connect with us onLinkedIn

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Review our cookies information for more details.

We are asking for your phone number so the businesses you have requested more information from can call/text you to chat with you more about their opportunity. We do not share your phone number with anyone other than the specific businesses you are interested in learning more about.