True or false: The U.S. is friendly to entrepreneurs.
For 41% of mid-market corporate execs, that statement is false. According to a survey by Deloitte, only 59% ranked America as the top country for accommodating entrepreneurs. That’s more than half, but that’s actually a 32% drop from how those same execs felt in past years.
Over 650 execs were surveyed and among those who did not choose the U.S. as the best environment for entrepreneurs, 42% selected China, followed by India (26%), Brazil (21%) and Australia (18%) as the most accommodating.
Tom McGee, national managing partner of Deloitte Growth Services, told Accounting Today that uncertainty plays a large part in the drop in confidence toward the country.
“Generally speaking what we found is that the respondents were heavily influenced by the broad topic of uncertainty that exists in the marketplace, whether that’s the result of recent subpar economic growth or the presidential campaign that was going on at the time of the survey,” McGee said to Accounting Today. “There are some real concerns over the impending fiscal cliff and the longer-term budget deficit and the related challenges associated with dealing with those matters, and how they might impact businesses.”
What are your thoughts? Is the U.S. friendly to entrepreneurs or to businesses in general? Let us know in the comments below.