By Rob Starr, Content Manager, Big4.com
High levels of economic uncertainty are affecting business and shifting opinions among mid-market executives, according to findings in Deloitte’s “Mid-market perspectives: America’s economic engine- why entrepreneurs matter.” Specifically, only 59 percent of executives surveyed ranked the United States as the most accommodating country for entrepreneurs – a 32 percent drop from how those same executives said they felt in past years.
In defining “entrepreneurial”, 81 percent of respondents say any company, large or small, can behave in entrepreneurial ways. Mid-market executives say that being creative, unique, different, innovative and taking risks with the acceptance of failure are most important for keeping their companies successful.
Tom McGee, national managing partner of Deloitte Growth Enterprise Services, Deloitte LLP comments:
“Mid-market companies are the growth engine of the U.S. and entrepreneurship is critical to their success,”he said.. “The good news is that entrepreneurialism exists everywhere and all of the factors cited as inhibiting it can be addressed.”
Mid-market executives citing a decline in entrepreneurialism attributed it to C-suite leaders’ desire to be risk-averse (36 percent) while 17 percent expressed their desire to avoid volatility by sticking to tried and true business practices.