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.
|Funding or access to credit||68.5%||66.7%|
|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.
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