At their 9th annual State of Entrepreneurship Address in Washington, D.C., the Kauffman Foundation released the results of its national survey of more than 2,000 entrepreneurs. In a mixed review of the economy, the study shows that 55 percent of the people surveyed have a negative view of the economy as a whole but the business owners hold a positive outlook for businesses like their own.
The energy and optimism of an entrepreneur might not surprise you, and neither should their initial troubles with the businesses they start. According to the survey, becoming profitable is the top challenge for 62 percent of startups and 55 percent of older business.
If you watched the address this morning you realized there was a huge reason for having it in D.C. According to the survey “Most entrepreneurs don’t feel supported by the government and feel that the government favors larger corporations over businesses like theirs.” During the address, Victor Hwang, vice president of entrepreneurship at the Ewing Marion Kauffman Foundation, encouraged people watching to get involved, text a certain number the word “champion” and tell their representatives in Congress that they support entrepreneurship. Watching the text messages pour in from across the country was an encouraging sight for Hwang, who had a goal of 150-200.
You can take a look at the survey and get more information on www.kauffman.org.