New York — Although many small businesses struggle to find staffers to fill their open positions, many entrepreneurs with recently launched companies intend to create jobs within a few years.
That’s one of the findings of a study by researchers at Babson College in Wellesley, Massachusetts. The study, based on surveys of approximately 3,000 people in the U. S. during 2018, found that 87% of entrepreneurs with young companies expect to employ workers during the next five years, and 38% expect to have six or more workers. Seventeen percent said they expected to have 20 or more workers in five years. Those expectations reflect the confidence and optimism of owners of businesses that are in the early stages of growth, the study said. “They trust that they can recruit, hire, and develop employees to help them successfully grow their business,” it said.
Entrepreneurs in the study were upbeat even as small businesses in general were struggling to find staffers. Hiring at small companies tracked by payroll processor ADP was erratic during 2018.
By Liz Weston, Nerd Wallet, Published Dec. 22, 2019 Sarasota Herald-Tribune