Steady growth and high hopes
The Entrepreneurs’ Organization (EO) has released the latest results from its Global Entrepreneur Indicator research project, a biannual survey of business owners from around the world. The survey focuses in part on performance-related metrics, such as jobs, profits and debt loads and partly on business climate, including access to capital and predictions on the economy.
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The Entrepreneurs’ Organization (EO) has released the latest results from its Global Entrepreneur Indicator research project, a biannual survey of business owners from around the world. The survey focuses in part on performance-related metrics, such as jobs, profits and debt loads and partly on business climate, including access to capital and predictions on the economy.
The results suggest that New Zealand is in a stage of high business growth. Net profits increased for 61 percent of the NZ businesses surveyed plus 83 percent of Kiwi entrepreneurs predict an increase in net profit in the next six months – well above the expectations of other countries (73 percent is the global average).
As well as that, 51 percent of NZ entrepreneurs reported increases in the number of full-time employees in the past six months.
Business revenue was up for 61 percent of the Kiwi businesses surveyed. Entrepreneurs in this country also have a positive outlook for the rest of the year, with 85 percent expecting an increase in revenue.
Tony Falkenstein, New Zealand EO member and founder of Just Water International Ltd says that the high growth that New Zealand business seems to be experiencing is promising, and indicates a sound business environment.
“Over the last six months, New Zealand has experienced high business growth despite the economic hardship of the last few years – and that’s certainly good news,” says Falkenstein.
“Better yet, Kiwi entrepreneurs have high hopes for their businesses, and a positive attitude in regards to changes they expect to see in the next six months – more so than the rest of the world.”
In fact, 71 percent of the New Zealand based entrepreneurs surveyed indicated that they have the inclination to start a new business in this economic climate, so the future is looking bright for New Zealand business.
To learn more about the EO Global Entrepreneur Indicator and to read the full reports, visit
www.entrepreneurindicator.com
