Catapult Groups Survey Finds Business Leaders Upbeat for New Year
Las Vegas – Catapult Groups, a peer advisory firm for CEOs and business owners based in Las Vegas, announced the results of an index of CEOs, business owners and entrepreneurs on the overall business climate facing CEOs heading into the first quarter of 2014. The Entrepreneurial Index, conducted December 9, 2013 – December 31, 2013, surveyed over 4,400 CEOs, business owners, and entrepreneurs from across the United States. The index captured business owner’s outlooks on: expected revenue growth, job creation expectations, capital investments, commercial financing, and their impression of the overall business climate.
An overwhelming 86 percent of respondents indicated that they expect revenues to expand in the first quarter of 2014. The respondents also expect to hire in the first quarter with 52 percent stating they will hire additional staff, while only 7 percent plan to downsize.
Overall, the Entrepreneurial Index suggests that business owners are optimistic heading into 2014.
- 86 percent expect revenues to expand
- 52 percent expect to hire
- 69 percent believe the overall business climate is improving
- 62 percent anticipate making capital investments in their company
- 76 percent will not finance their business through a loan from a commercial bank.
“It’s interesting to note that while for small business, the economy remains polarized, clearly business leaders are optimistic about the future,” said Brad Mishlove, CEO of Catapult Groups. “It’s also interesting to note that business leaders feel that they cannot rely on commercial banks for the capital required for expansion and are actively seeking alternative sources for assistance in fueling their anticipated growth.”
“Within our Catapult Groups, members are actively discussing raising capital and its direct implication on business growth.”
Catapult Groups is a peer advisory firm for CEOs, business owners, and entrepreneurs. Catapult Groups members are CEOs, business leaders, managing partners and other high-level executives who meet once a month in groups of 12 – 14 members, each from non-competing industries, to share knowledge and challenge one another to make decisions that grow their business. Catapult Groups is led by CEO Brad Mishlove and has active groups in Las Vegas, NV and Phoenix, AZ.