AMEX Says Some MBAs Optimistic

A credit card company recently released the results of a survey and it seems some MBAs and entrepreneurs have a good feeling about the future.

American Express, the New York City-based financial services company, conducts a semi-annual survey of MBAs, entrepreneurs and other business owners. The most recent survey's results say that 26 percent of its participants are planning to expand their businesses, compared to last year when the same number was 15 percent.

However, a large percentage also said the U.S. isn't out of the woods just yet.

"There appears to be a dichotomy where many small businesses are seeing signs of improvement while other firms are still struggling to make payroll," said AMEX's Susan Sobbott. "For the first time since 2007, the majority of small businesses are optimistic about the near-term future, in part because of less competition, however some of the less healthy firms are dipping into cash reserves and personal assets to stem the tide of declining sales."

More specifically, 44 percent of the companies saying they're going to expand explain they will be able to do so because there is less and less competition.

If you've always wanted to run your own company but don't feel like you have the business background to do so, consider enrolling in an MBA program today. Now is a great time to have an MBA degree if you want to launch a startup because your business won't face too much competition.

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