Fifty-Five Percent of Local Business Owners Report Increase In Full-Time Hiring
Increases in business revenue and net profits boost Austin economy
AUSTIN, December 6, 2012 – Entrepreneurs’ Organization (EO), a global network of entrepreneurs, today announced that 55 percent of Austin-area business owners have increased their number of full-time employees during the past six months, according to the Global Entrepreneur Indicator survey developed by EO. In addition, 59 percent of entrepreneurs worldwide have increased the number of their full-time employees during the past six months.
Austin-area entrepreneurs have also increased net profits by 69 percent and business revenue by 76 percent in the past six months, which has a significant impact on the Austin economy. Globally, entrepreneurs have increased net profits by 60 percent and business revenue by 68 percent in the past six months.
“Austin’s economy is steadily growing and strongly supported by entrepreneurs,” said Yuen Yung, CEO of How Do You Roll? and president of EO Austin. “We have confidence businesses will continue to prosper and more job opportunities will be available.”
The survey also found that 51 percent of Austin-area entrepreneurs had an increase in the number of part-time or contract employees in the past six months, compared with 50 percent of entrepreneurs worldwide.
EO Austin is part of a global community of more than 8,000 entrepreneurs worldwide with companies exceeding $1 million in revenue. EO Austin serves members who have a passionate desire to grow their businesses, to learn from their peers, and to share their experiences with others.
About Entrepreneurs’ Organization
The Entrepreneurs’ Organization (EO) is a dynamic global network of more than 8,000 business owners in 40 countries. Founded in 1987 by a group of young entrepreneurs, the year 2012 marks EO’s 25th anniversary. With its transformative experiences and unparalleled peer network, EO transforms the lives of the entrepreneurs who transform the world. 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 120 chapters is by invitation only; the average member is 41 years old with annual revenues of US$17.3 million. For more information on EO, visit www.eonetwork.org or call +1.703.519.6700.
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