Despite Continued Economic Uncertainty, Entrepreneurial Firms Continue to Grow
Press release from the issuing company
Thursday, April 17th, 2014
The survey, conducted by Entrepreneurs’ Organization, released the latest findings from its Global Entrepreneur Indicator, a twice-yearly survey of business owners from around the world. Results from more than 5,500 entrepreneurs worldwide, whose businesses average US$59.7 million in annual revenue and 232 employees, concludes the following:
- 55% of the EO entrepreneurs have added full-time jobs in the past six months.
- In the coming six months, 67% of entrepreneurs are expecting to create full-time jobs.
- 81% of entrepreneurs expect profit margins to increase over the next six months, while 84% expressed willingness to start a new business.
- 90% of entrepreneurs in South Asia and the United States reported either having created full-time jobs or experienced no change in their workforce.
- The US (72%) leads all regional job growth projections in the coming six months, followed by Europe/Middle East (70%), Canada (65%), Asia Pacific (62%), South Asia (61%) and Latin America/Caribbean (56%).
- 61% of business owners worldwide reported increased profit margins in the last six months. Over the same period, the US has reported the strongest profits (63%), followed by Europe/Middle East (62%), Latin America/Caribbean (61%) and Canada (61%). South Asia and Asia Pacific are lagging behind at 57% and 56%, respectively.
- Latin America/Caribbean (37%), South Asia (36%) and Canada (35%) report the greatest access to capital. Globally, 33% of entrepreneurs reported favorable environment for accessing capital.
To learn more about the Global Entrepreneur Indicator, visit: www.entrepreneurindicator.com.