Utah entrepreneur ‘optimism about the future has lost a little
Utah entrepreneurs remain “largely optimistic” about the financial future of their business, where such wild optimism decreased slightly last year after a survey by the Bank of Zion.
The Bank’s Utah Quarterly Economic Forecast, under the direction of the research company Dan Jones & Associates, shows that 27 percent of respondents rated their degree of optimism on a 9 or 10 out of 10 points scale.
That compared to 33 percent in the second quarter of 2006.
In Utah, the economy is among the best in the nation, economist Jeff Thredgold attributes the decline in domestic problems - Crunch credit, mortgage Subprime crisis threatens housing bust - rather than anything that happens at the local level .
“Each jump in confidence is probably more linked to external factors,” said Thredgold, an economic adviser and director of Zion bank Salt Lake-based Thredgold Economic Associates.
“Much of this influence of external forces and business psychology, if you will.”
Despite the slight decrease, nearly half - 48% - members of the panel that still provide for the economic health of their business or something much better in the coming quarter than in the previous survey.
As in the past, studies, business leaders remain concerned about the rising costs of health insurance and find - and Leisure - qualified staff in a context of the labour market.
“Regarding the business activity in Utah, the big question remains working,” said Thredgold. “The priority for employers, really, if you have an open position, you can fill it with someone?”
According to the survey, companies with a larger number of full-time employees are more often used to keep qualified staff, the investigation.
“With our competitive labour market, coaching perhaps that competition for employees they already have,” said Julie Olsen, a market analyst Dan Jones.
Concerned by rising fuel prices early in the third place for entrepreneurs during the second quarter of 2007, but as there is a little less than a goal, it was this time last year.
This survey is the fifth cycle of Utah Quarterly Economic Forecast. At the request of the Bank of Zion, the study should be a local barometer of the state of the entrepreneur.
“Business leaders of Utah can measure the climate for themselves,” said Olsen. “It is the framework for management.”
The survey, conducted in the first place online between 9 July and August 3 interviewed 336 respondents in high-level positions in companies of the federal government.
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