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.

January February
Funding or access to credit 68.5% 66.7%
Economic climate 31.5% 24.1%
Other (misc.) 10.1% 16.1%
Regulatory changes 10.1% 11.5%
Stock market 7.9% 11.5%
Political changes 9.0% 9.2%
Tax law changes 12.4% 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.

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