Entrepreneurs brush off the blues to target profits
ENTREPRENEURS are increasingly pessimistic about the UK’s economic outlook over the next 12 months, a report has revealed – yet these leading business-builders remain bullish over their own firms’ prospects.
Nearly half of a surveyed group of Britain’s leading entrepreneurs expect the economy to deteriorate either slightly or considerably over the coming year, while only 13 per cent expect an improvement.
“This is the lowest level of optimism recorded by the index since it was launched in December 2009,” commented Investec, upon releasing the research this morning.
However, a confident 86 per cent still believe that the profitability of their companies will grow during 2012.
“Half of those entrepreneurs interviewed said that they were planning to make at least one small acquisition this year,” added Investec’s Ed Cottrell.