Entrepreneurs optimistic about the future

A recent Gallup poll revealed that entrepreneurs are optimistic about the future, compared to most other employed adults. While typical workers imagined their situations in five years, only 25 percent anticipated they would be living their "best possible life." When asked the same question, 30 percent of entrepreneurs imagined themselves to be living their "best possible life."

This is not the only recent survey hinting that entrepreneur confidence is on the rise. The Startup Confidence Index revealed that 83 percent of entrepreneurs are "confident" or "very confident" that their businesses will be more profitable in the next 12 months, and 41 percent are "very confident" in future profitability. The survey also found that the most optimistic entrepreneurs are the youngest. Of 18- to 30-year-old entrepreneurs, 93 percent are sure their companies will be more successful in the next year than they are currently.

The optimism entrepreneurs have, combined with their satisfaction in their work, could lead them to expand their operations. Growing an enterprise often calls for business financing, something some business owners - especially the youngest entrepreneurs - may have questions about. Confident young entrepreneurs should investigate alternative methods of lending, such as loans from smaller banks, which can help them expand their firms and build their brands.

Content presented by Bridge Bank, offering flexible, customized solutions for entrepreneurs.

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