Apr 1, 1994

I'd Spend It On . . .

Survey asked entrepreneurs how they would spend money if they could get whatever amount they asked for.

 

If you were given the ideal level of financing for your business, what would you spend it on? Ernst & Young recently asked that of Entrepreneur of the Year award winners from around the country. Here's how 297 respondents answered (almost all had big plans for the money):

Percentage of respondents

New plant or equipment 64%

More employees 54

More inventory 36

Additional employee benefits 24

Research and development 15

New stores or branches 15

No changes 6

Source: Ernst & Young, Entrepreneur of the Year Institute, 1993.

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