The Ivey Entrepreneurs Index found 81% of those surveyed are planning to expand their workforce over the next 12 months, showing general optimism about their business. However, only 65% expect the Canadian economy to grow reflecting a sharp 24% decline from the last survey in April 2011.Even though confidence in the economy overall is down those surveyed have set bullish targets around revenue and profit growth. The index found 90% of entrepreneurs expect their revenues to grow, and 81% believe their profits will also grow over the period of the next 12 months.
To read more on the Index results, please click here.