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Ernst & Young Llp
Economy not the Deciding Factor in Starting New Businesses, According to Entrepreneurs Surveyed by Ernst & Young LLP
November 23rd, 2008
A new survey of Ernst & Young LLP Entrepreneur Of The Year finalists and winners explores the attitudes of entrepreneurs toward top-of-mind issues, including the economy, government and climate change. The majority of the 116 respondents indicated that the strength of the economy was not the deciding factor in determining when to start their companies. The Entrepreneur Of The Year program is now in its 22nd year, and its average winners have $350 million or more in yearly revenues, 20% annual growth, and over 1,000 employees. Despite worries that the US economy is weaker than most people believe (50%), entrepreneurs participating in the survey indicated that they think...
Source: Pharma Investments, Ventures & Law Weekly (2008-11-23)
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