Entrepreneurs’ ‘confidence still high’ despite market challenges

Confidence remains high among business owners, with many feeling ‘very optimistic’ about the year ahead, according to recent findings.

The Entrepreneurs’ Forum’s latest Pulse Survey reveals 88 per cent of 111 respondents feel ‘optimistic’ or ‘very optimistic’ about the next 12 months.

The figure was up from 83 per cent in the last quarter.

However, the report revealed worries over recruiting and retaining staff remain a substantial challenge for North East entrepreneurs, with 44 per cent of respondents identifying it as their biggest obstacle to growth.

Elaine Stroud, Entrepreneurs’ Forum chief executive, pictured above, said: “Despite the challenges of political uncertainty and skills shortages, the latest survey results reveal a strikingly optimistic outlook among our region’s entrepreneurs.

“Many of our members are planning for a period of growth and expansion, which is incredibly exciting to see.

“With 83 per cent expecting turnover growth and more than half introducing new products or services this year, this optimism signals a vibrant future for the North East.”