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.
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