Half of London's small firms plan to hire extra staff as confidence growsComments Off on Half of London's small firms plan to hire extra staff as confidence grows
London’s army of entrepreneurs are poised to hit a hiring spree as confidence in business investment and the wider economy continues to seep into the psyche of the capital’s start-ups.
According to the inaugural Entrepreneurs Optimism Index, 80% of respondents to the study by law firm Bircham Dyson Bell (BDB) in collaboration with Rockstar Mentoring believe that consumer demand will increase over the next three months and 50% plan to recruit during the same period.
London’s start-up economy is thriving with swathes of new food, tech and retail ventures launched each week.
The survey of nearly 300 small business owners revealed 74% of entrepreneurs would feel confident starting a new business in the current economic climate.
BDB’s Hollie Gallagher said: “We have seen that business leaders are not confining themselves to starting and running a single business – they have continued to innovate and explore, treating their entrepreneurialism as providing a job for life.”
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