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Friday, January 15, 2021

Global entrepreneurship survey predicts small business growth in Fort Worth

According to the August Global Entrepreneur Indicator Survey, 90 percent of Entrepreneurs’ Organization Fort Worth respondents reported a willingness to start a business in the current economic climate and approximately 58 percent of them believe the U.S. economy will improve during the next six months.

EO Fort Worth was founded in 2012 and the chapter consists of 71 members that are located in Fort Worth. Each member is the founder of a business with at least $1 million in annual revenues.

“We live, love and operate our businesses in the greater Ft. Worth area,” EO Fort Worth president elect Don Williams said in a news release. “Our members are increasingly bullish on the Fort Worth and Texas economies. We’re thankful, Fort Worth is a great place for business and we expect conditions to continue to improve.”

The EO Global Entrepreneur Indicator Survey examines the current economic market for entrepreneurs and gives insight into their predictions for the next six months.

Additional survey findings include:

1.) According to EO Fort Worth, access to capital is expected to increase by 45.2 percent in the next six months, a 16.2 percent increase from the previous six months.

2.) 95 percent of global survey respondents reported a willingness to start a business in the current economic environment.

3.) Business revenue in Texas is projected to increase by 84.9 percent, while the global average increase is 82.7 percent.

According to the release, nearly 4,480 of the more than 12,000 business owners in EOs membership responded to the survey, which was conducted Feb. 1-28. Respondents represented 170 chapters across 58 countries, the release said.

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