Half of London's small firms plan to hire extra staff as confidence grows

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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.”

To read more news about London-based entrepreneurs and to get their top tips on how to make a business a success, join the Evening Standard’s small business community, Business Connections.

Source Article from http://www.standard.co.uk/business/half-of-londons-small-firms-plan-to-hire-extra-staff-as-confidence-grows-a2948106.html

September 15, 2015 |
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