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10/18/2012 - Business owners hesitant about launching a company today


Many small business owners have hesitations about the economy.

Though protections like business owners insurance give entrepreneurs some of the tools they would need to financially recover after a loss, a new survey indicates that many businesspeople think it would be hard to thrive if they were just starting out.

According to a recent poll conducted by the National Federation of Independent Business, more than half of respondents surveyed - 55% - indicated they would not start a business today due to the current economic environment.

Bill McInturiff of Public Opinion Strategies, which conducted the poll on behalf of the NFIB, indicated that the results of the survey are a stark reminder of the situation entrepreneurs find themselves in.

"The data in this survey offer a striking picture of how American businesses view the current state of the U.S. economy," said McInturiff. "It’s clear that small business owners and manufacturers are becoming increasingly more frustrated by the federal government’s inability to solve America’s economic problems."

The survey also looked at what businesses earn annually, finding that the more money owners made per year, the more likely it was that they would be hesitant to launch a new business in today's fiscal climate.

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