2014 Global Entrepreneur Indicator Survey Shows That Washington, D.C. Entrepreneurs Have a Positive Outlook on Business Climate
Online, April 23, 2014 (Newswire.com) - As the economy is continuing to grow, members of the Washington, D.C. chapter of Entrepreneurs' Organization (EO) say they plan to hire more employees and expect an increase in net profit and revenue in the next six months, according to recent Global Entrepreneur Indicator survey results.
EO|DC has 124 members and their companies have more than $3,9007,146 million in total sales and employ 6,404 individuals.
"After many years of decline or stagnant growth, entrepreneurs today have a positive outlook on the future of their businesses, as you can see in the results of this survey," said Red Thinking founder and CEO Jen Sterling, president of EO|DC. "Businesses in our chapter are growing, whether by adding more staff or generating more revenue, or both. As entrepreneurial companies are growing, they are bringing on more consultants, which is a huge industry in our chapter. And more than business revenue is growing - the membership of our chapter grew by 20 percent in the last year."
Each year, EO surveys its members worldwide to put together a Global Entrepreneur Indicator, which gauges entrepreneurs' outlook on business performance, both in the past and in the future. See below for an overview of EO|DC's responses to the Global Entrepreneur Indicator.
Jobs: Change in number of full-time employees during the past six months, and predicted change in number of full-time employees during coming six months:
· Fifty-six percent of EO|DC respondents increased the number of full-time employees during the past six months.
· Sixty-six percent of EO|DC respondents expect to increase their full-time staff in the next six months.
o In September 2013, 50 percent of DC respondents expected to increase their full-time staff.
· Only two percent of the EO|DC respondents expect to decrease their full-time staff in the next six months, which is two percent lower than EO global respondents.
Profit: Change in net profit during the past six months, and predicted change in net profit during coming six months:
· Fifty-eight percent of EO|DC respondents increased their net profit during the past six months. That is up from 25 percent of DC respondents in September 2013.
· Seventy-five percent of EO|DC respondents predict an increase in net profit over the next six months.
Revenue: Change in a business's revenue during past six months, and predicted change in a business's revenue during coming six months:
· Sixty-seven percent of EO|DC respondents experienced an increase in revenue over the last six months.
o Regionally, 64 percent of New York and 57 percent of Western New York respondents experienced and increase in revenue during the last six months.
· Eighty-two percent of EO|DC respondents predict an increase in revenue during the coming six months.
Business environment: Predicted change in country's economic environment during coming six months:
· Fifty-three percent of EO|DC respondents expect the economic environment to improve, compared to 48 percent of global respondents.
· Ninety-two percent of EO|DC respondents expressed willingness to start a new business, compared to 84 percent of global respondents.
To learn more about the Global Entrepreneur Indicator, and to read the full reports, visit www.entrepreneurindicator.com. For more information about EO|DC, go to www.eo-dc.org. For membership inquiries, contact Anna Birch at anna@adventurelinks.net.
About the Entrepreneurs' Organization
The Entrepreneurs' Organization (EO) - for entrepreneurs only - is a dynamic global network of more than 9,500 business owners in 40 countries. Founded in 1987 by a group of young entrepreneurs, EO is the catalyst that enables entrepreneurs to learn and grow from each other, leading to greater business success and an enriched personal life. Membership in one of EO's 131 chapters is by invitation only; the average member is 42 years old with annual sales of US$59.7 million. For more information on EO, visit www.eonetwork.org or call +1.703.519.6700.
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