A recent study by Pepperdine University found that the top issue facing business owners today is access to growth capital. According to the study, 31 percent of business owners cited this as number one. The next highest issue was the economic environment at 27 percent.
While business owners expect a ten percent growth in revenue over the next year, the estimated revenue growth rates would jump to 25 percent if they were to receive additional capital.
In addition, the study asked business owners to compare the current environment to six months ago. Significant findings included 63 percent of owners reporting an increase in opportunities for growth, yet 40 percent reporting a decline in access to growth capital.
More than half of business owners reported an increase in competitive pressures, while 44 percent reported a decline in their confidence in the economy. Overall, more than 70 percent of respondents would expect an increase in revenue if they were able to access additional capital.
These findings were a part of the Pepperdine Private Capital Markets Study.