Despite Continued Economic Uncertainty, Entrepreneurial Firms Continue to Grow

Published: Apr 10th, 2014

Over half of entrepreneurs surveyed reported having created full-time jobs in the past six months, and nearly three-quarters expect to create full-time jobs in the coming six months

Alexandria, Virginia (10 April 2014) - The survey, conducted by Entrepreneurs’ Organization (EO), 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.
  • Only 11% of entrepreneurial firms have cut jobs over the last reporting period.
  • 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.

Contact: Gustavo Vieira
Entrepreneurs’ Organization
Phone: +1.703.837.6068
Email: gvieira@eonetwork.org

Despite Continued Economic Turmoil, Entrepreneurial Firms Continue to Grow

Published: Jan 29th, 2013

Alexandria, Virginia, USA (29 January 2013) – The Entrepreneurs’ Organization (EO) has released the latest results from its Global Entrepreneur Indicator research project, a twice-yearly survey of business owners from around the world. The survey focuses in part on performance-related metrics, such as jobs, profits and debt loads. The other factors the survey explores are related to the business climate, such as access to capital, predictions on the economy and even entrepreneurs’ proclivity to start a new business.

The survey, conducted throughout the month of November , ended with a sample of more than 2,750 entrepreneurs around the world, whose businesses average US$18.3 million in annual revenue and 192 employees.

A snapshot of the survey findings includes:

Jobs: Globally, entrepreneurs are creating jobs at a rate that far outpaces job losses, though the rate of growth has slowed during the past two years.

  • After hitting a low of 42% in June 2010, a healthy number of entrepreneurs have been adding jobs during the past two years, ranging from 56% to 59%, depending on the survey period.
  • Only 12% of entrepreneurial firms have decreased headcount during the past six months, with the remaining 32% holding steady.
  • 62% of entrepreneurs expect to create new jobs in the coming six months.

Business environment: Entrepreneurs are much more positive about the current business environment than they were as recently as one year ago, though numbers have been tempered by the economic and political volatility in certain regions.

  • Globally, there is a fairly even distribution between those who expect the economy to improve (35%), remain the same (38%) and deteriorate (27%).
  • Recent economic and political news is reflected in certain regions’ pessimism, as both Europe/Middle East and the United States are less optimistic than their global peers.
  • After a dramatic decline in 2010 and 2011, the number of entrepreneurs who expressed willingness to start a new venture has held steady at roughly four in five for the past year.
  • In every region, the number of entrepreneurs who said it has become easier to access capital than said it has become harder was larger by a factor of at least two.

Revenue and profit: The percentage of entrepreneurial firms experiencing profit increases has held steady at roughly 60% for the past 2.5 years. Revenues are up across the board and, as one would expect, are tied closely to profitability.

  • Those who reported increasing profits outnumbered those who reported falling profits by more than three to one (59% to 19%).
  • Nearly three-quarters (73%) of business owners expect profit margins to increase in the coming six months.
  • 65% of business owners reported an increase in revenue during the past six months, ranging from a high of 70% (Canada) to a low of 57% (Europe/Middle East).
  • 78% of entrepreneurs predict that their firms will experience an increase in revenue in the coming six months.

To learn more about the Global Entrepreneur Indicator, and to read the full reports, visit www.entrepreneurindicator.com.

Despite Sluggish Economy, Entrepreneurs Growing Businesses and Creating Jobs

Published: Aug 14th, 2012

Latest findings of global survey of business owners finds positive trends in hiring and business performance.

Alexandria, Virginia, USA (14 August 2012) – The Entrepreneurs’ Organization (EO) has released the latest results from its Global Entrepreneur Indicator research project, a twice yearly survey of business owners from around the world. The survey focuses in part on performance-related metrics such as jobs, profits and debt loads. The other factors the survey explores are related to the business climate, such as access to capital, predictions on the economy and even entrepreneurs’ proclivity to start a new business.

The survey, conducted throughout the month of June, ended with a sample of more than 2,200 entrepreneurs around the world, whose businesses average US$18.3 million in annual revenue and 192 employees.

A snapshot of the survey findings includes:

Jobs: Entrepreneurs are hiring at a much faster pace than they were a couple years ago.

  • Globally, 59% of entrepreneurs reported net increases to their number of full-time employees during the six months preceding the survey, compared with only 42% who made that claim two years ago.
  • 62% of business owners expect to increase their number of full-time employees in the coming six months which, if the prediction holds true, would continue the acceleration observed during the past couple of years.
  • Regionally, Latin America/Caribbean and the United States created jobs at the highest rate during the past six months (66% and 60%, respectively).

Business environment: Entrepreneurs are much more positive about the current business environment than they have been in years.

  • Less than a quarter (23%) of entrepreneurs expect economic conditions to worsen in the coming six months, a substantially lower figure than six months ago (38%). In the current survey, 33% of business owners expect economic improvement and 44% believe conditions will hold steady.
  • 90% of respondents said that access to capital either improved or held steady during the previous six months, with nearly a third (31%) reporting that it became easier.
  • Perhaps bolstered by what they see as improving business conditions, a full 80% of entrepreneurs globally reported that they would be willing to start a new business right now. That figure is up from 63% six months ago, and is the highest figure reported since June 2010.

Revenue and profit: Though still trending upwards, marked regional differences exist, with Europe/Middle East and South Asia dragging down the global average.

  • 60% of entrepreneurs globally reported an increase in net profits in the six months prior to the June 2012 survey. This figure has generally held steady for the past year, though it is much higher than the June 2010 report (37%).
  • Europe/Middle East and South Asia had the lowest reporting in terms of profit increases (53% and 44%, respectively). These figures are likely reflective of the political and economic uncertainty in those regions.
  • 68% of business owners reported increasing revenues during the previous six months, and a full 80% expect increases in the coming six months.

Jason Jacobs, the lead researcher on the Global Entrepreneur Indicator initiative, said;

“We are seeing some very positive signs from the world’s entrepreneurial community. Hiring, revenues and profitability are all on the rise, and there seems to be a general optimism about the business climate. Compared to the pessimism we observed in the survey six months ago, the trending seems to be headed in the right direction.

Considering the entrepreneurial sector’s place as the driver of growth and innovation, any momentum in the right direction is welcome.”

To learn more about the Global Entrepreneur Indicator, and to read the full reports, visit www.entrepreneurindicator.com.

Entrepreneurs continue to grow businesses and create jobs, despite pessimism on economy

Published: Jan 10th, 2012
  • Year-over-year, the number of entrepreneurs that created jobs in the 12 months prior to surveying is up 7% (52% in November 2010 vs. 59% in November 2011)
  • 62% of entrepreneurs saw an increase in net profits during the past six months, up from 59% from a year ago and much improved from the low of 37% reported in June 2010
  • The increase in profits and jobs created comes in the face of pessimism about the economy, as 38% of entrepreneurs globally expect the economy to further deteriorate in the coming six months (with an additional 21% expecting the current conditions to hold steady)

Alexandria, VA, USA / Singapore (10 January 2012) – The Entrepreneurs’ Organization (EO) and Standard Chartered Private Bank (The Private Bank) have released the latest results from their joint Global Entrepreneur Indicator research project, a twice yearly survey of entrepreneurs from around the world. The survey was conducted with a sample of more than 1,500 entrepreneurs around the world, whose businesses average US$17.3 million in annual revenue and 182 employees.

A snapshot of the survey findings include:

Jobs

  • Globally, 59% of entrepreneurs reported an increase in total full-time headcount during the six months preceding the survey, compared with only 52% who made that claim a year ago.
  • A full 66% of entrepreneurs expect to increase their number of full-time employees in the coming six months.
  • Latin America and Canada created jobs at the highest rate during the past six months (64% and 62%, respectively).

Revenue and profit

  • 62% of entrepreneurs globally reported an increase in net profits in the six months prior to the November 2011 survey. This figure is up 3% year-over-year, and has increased a full 25% from the low reported in the June 2010 survey.
  • The United States recorded the highest rate of profit increases, as 66% of entrepreneurs in the region reported an increase in the six months prior to surveying.
  • Encouragingly, 73% of business owners globally reported an increase in revenues during the previous six months. A full 80% of entrepreneurs surveyed expect their revenues to go up in the coming six months.

Business environment

  • Though 41% of entrepreneurs globally expect the economy to improve in the coming six months, an almost equal number (38%) predict that the economic environment will further deteriorate. The remaining 21% expect current conditions to hold steady.
  • The Canadian and Asia Pacific regions are the most optimistic about the future of the economy, while the United States and the European/Middle Eastern region are the least optimistic.
  • Despite mediocre predictions on the economy, 63% of entrepreneurs report that they would start a new business in the current climate. This number is down 5% year-over-year, though still a clear majority.

Dr Sally Ernst, the lead researcher on the Global Entrepreneur Indicator initiative, said;

“Based on the data we collected, we can see that the entrepreneurial community’s feelings about the economy are on par with the general consensus. What is very interesting to note, however, is that entrepreneurs worldwide continue to create jobs and have reported an increase in both revenues and profitability. In fact, numbers around hiring and profits are even higher than they were when we surveyed the same population a year ago. This is a very encouraging sign coming from the backbone of the economy.”

Shayne Nelson, CEO of Private Bank and Global Head of High Value Client Coverage and, Standard Chartered said;

“It is heartening to see that the entrepreneurial spirit has not been dampened despite fears over economic uncertainties. Job and wealth creation in the current economic environment is more critical than ever. We aim to support these entrepreneurs to develop their businesses further by leveraging our advantage of being part of a universal bank to offer greater access to investment advice and expertise, particularly in SME Banking and Wholesale Banking.”

As the day-to-day decision makers at successful companies, entrepreneurs can illuminate and predict the state of the global economy better than any other segment of the population. EO and Standard Chartered Private Bank are uniquely positioned to reveal trends in business and the economy, and the survey targets the world’s leading entrepreneurs to best read the pulse of commerce.

The survey focuses in part on performance-related metrics such as jobs, profits and debt loads. The other factors the survey explores are related to the business climate, such as access to capital, predictions on the economy and even entrepreneurs’ proclivity to start a new business. These statistics and metrics are all important, but the story that the full, combined data tells is perhaps most compelling.

While entrepreneurial firms have continued positive trends in job creation, gross receipts and profitability, there is mounting evidence that business owners are growing more pessimistic about the economic environment in which they operate. Though business performance metrics continue to trend upward, momentum has slowed, which may be due in part to reservations on the economy.
The Global Entrepreneur Indicator research project is one of the activities resulting from the strategic partnership between EO and The Private Bank, which will enable them to leverage their unique networks to exchange knowledge and conduct in-depth, powerful joint research projects. The Private Bank has an extensive international network across over 70 countries in Asia,

Africa, the Middle East, Europe and Americas. The Entrepreneurs’ Organization, one of the biggest global networks of business owners, has a membership of more than 8,000 business owners across 40 countries.

The Global Entrepreneur Indicator produces reports based on global data, as well as region-specific reports for the United States, Europe / the Middle East, Asia / the Pacific, India / Nepal, Canada and Latin America / the Caribbean. All findings, reports and analysis are published on the Global Entrepreneur Indicator Web site.

 

For further information please contact:

Ryan Meyer (USA)
Entrepreneurs’ Organization
Phone: +1.571.481.2427
Email: rmeyer@eonetwork.org

Ally Sung Hee LIM (Singapore)
Standard Chartered Private Bank
Tel: +65 6596 9097
Email: Ally.Lim@sc.com

About the Entrepreneurs’ Organization

The Entrepreneurs’ Organization is a dynamic, global network of more than 8,000 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 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 the Entrepreneurs’ Organization, visit www.eonetwork.org or call +1.703.519.6700.

Standard Chartered – leading the way in Asia, Africa and the Middle East

Standard Chartered is a leading international banking group. It has operated for over 150 years in some of the world’s most dynamic markets and earns more than 90 per cent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank’s growth in recent years. Standard Chartered PLC is listed on the London and Hong Kong stock exchanges as well as the Bombay and National Stock Exchanges in India.

With 1,700 offices in 70 markets, the Group offers exciting and challenging international career opportunities for around 85,000 staff. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. Standard Chartered’s heritage and values are expressed in its brand promise, ‘Here for good’.

For more information visit www.standardchartered.com

Standard Chartered Private Bank

Standard Chartered Private Bank is the private banking division of Standard Chartered. Headquartered in Singapore, the Private Bank provides exciting career opportunities to over 1,200 employees including over 470 relationship managers globally. It has 31 offices across Asia, Africa, Middle East and Europe. 

The Private Bank has grown strongly since its inception in May 2007. On top of its strong organic growth, it acquired American Express Bank in 2008, through which it has further improved its capabilities. The Private Bank has been showing continued strong growth: In the first half of 2011, its Assets under Management grew by 38% in Asia and 31% globally year-on-year.

The Private Bank leverages the natural strengths of Standard Chartered: A heritage of over 150 years in international banking, an international network across more than 70 countries, and strong local presence in growth markets. This puts the Private Bank in an advantaged position to build and deepen relationship with its clients.

Standard Chartered Private Bank’s strong growth and rising industry leadership has been recognised by the industry: Major awards that the Private Bank has won include the “Best Global Private Bank” award at the Wealth Management Awards 2011 organised by The Financial Times and Investors Chronicle; “The Best Private Bank in Asia” and “The Best Private Bank in India” awards by The Banker in 2011; and “Outstanding Private Bank in Asia Pacific” award at the annual Private Banker International Global Awards 2010, which the Private Bank won for the third year in a row.

For more information, please visit: www.privatebank.standardchartered.com

 

Legal Disclaimer:

Standard Chartered Private Bank is the private banking division of Standard Chartered Bank (“SCB”). Private banking activities may be carried out internationally by different SCB legal entities and affiliates according to local regulatory requirements. Not all products and services are provided by all SCB branches, subsidiaries and affiliates. Some of the SCB entities and affiliates only act as representatives of the Standard Chartered Private Bank, and may not be able to offer products and services, or offer advice to clients. They serve as points of contact only.

In Singapore, the Standard Chartered Private Bank is the Private Banking division of SCB, Singapore branch.
In Hong Kong, Standard Chartered Private Bank is the private banking division of Standard Chartered Bank (Hong Kong) Limited (CE#AJI614) which is regulated by the Hong Kong Monetary Authority and the Securities and Futures Commission in Hong Kong.

In Jersey, Standard Chartered Private Bank is the Registered Business Name of Standard Chartered (Jersey) Limited. Standard Chartered (Jersey) Limited is regulated by the Jersey Financial Services Commission. Standard Chartered (Jersey) Limited is also an authorised financial services provider under license number 9790 issued by the Financial Services Board of the Republic of South Africa. Standard Chartered (Jersey) Limited is a wholly owned subsidiary of Standard Chartered Bank.

Standard Chartered Bank is incorporated in England and Wales with limited liability by Royal Charter 1853, Reference number ZC 18. The Principal Office of the Company is situated in England at 1 Aldermanbury Square London EC2V 7SB. Standard Chartered Bank is authorised and regulated by the Financial Services Authority under FSA register number 114276.

Global Entrepreneurs Have a Positive Economic Outlook

Published: Dec 20th, 2010
  • More than half believe the economy in their country will improve in the coming quarter
  • Entrepreneurs expect jobs and profits in their firms are on the rise throughout the world

For Immediate Release

Alexandria, VA, USA / Singapore (20 December 2010) – The Entrepreneurs’ Organization (EO) and Standard Chartered Private Bank (The Private Bank) released results from the second edition of the Global Entrepreneur Indicator, a quarterly survey of entrepreneurs from around the world. The survey was conducted with a sample of more than 1,200 entrepreneurs around the world, whose businesses average US$18.5 million in annual revenue and 191 employees.

A snapshot of the survey findings include:

  • 52% of entrepreneurs globally believe that the economy in their country will improve in the coming quarter, compared with 34% in the previous survey.
  • 70% of entrepreneurs expect to increase their number of full-time employees in the next 12 months.
  • 59% of entrepreneurs globally saw an increase in profits over the last quarter, compared with 37% in the previous survey.
  • The Asia-Pacific region is most optimistic and the United States is most pessimistic about the economy. 78% of entrepreneurs in Asia-Pacific region believe the economy will improve in the coming three months while only 42% in the United States expect to see near-term improvement.

Dr Sally Ernst, the lead researcher on the Global Entrepreneur Indicator initiative, said;

“This study builds on the data from the first survey to expose the direction of various economic factors and helps us draw potential conclusions about the future trajectory of business and the economy. The data reveals that there may be cause for optimism, as factors such as global job creation took a positive turn over the last quarter. Further bolstering our positivity are the entrepreneurs’ upbeat predictions regarding the coming year.”

Shayne Nelson, CEO and Global Head of The Private Bank said;

As the day-to-day decision makers at successful companies, entrepreneurs can illuminate and predict the state of the global economy better than any other segment of the population. EO and Standard Chartered Private Bank are uniquely positioned to reveal trends in business and the economy, and the survey focuses on the world’s leading entrepreneurs to best read the pulse of commerce.  Each of the Global Entrepreneur Indicator respondents is the founder, co-founder, owner or controlling shareholder of a business that grosses more than US$1 million annually. The average respondent’s business has annual revenues of US$18.4 million and employs 191 people.

The current iteration of the Global Entrepreneur Indicator revisits some of the themes of the first survey to uncover trends, changes and new developments in areas such as job creation, profits and exposure to debt. The most recent survey also touches on current hot topics in the business environment, such as access to credit.

The survey is one of the activities resulting from the strategic partnership between EO and The Private Bank, which will enable them to leverage their unique networks to exchange knowledge and conduct in-depth, powerful joint research projects. The Private Bank has an extensive international network across over 70 countries in Asia, Africa, the Middle East, Europe and Americas. The Entrepreneurs’ Organization, one of the biggest global networks of business owners, has a membership of more than 7,500 business owners across 38 countries.

The Global Entrepreneur Indicator produces reports based on global data, as well as region-specific reports for the United States, Europe / the Middle East, Asia / the Pacific, Canada and Australia. All findings, reports and analysis are published on the Global Entrepreneur Indicator Web site.

To learn more about the Global Entrepreneur Indicator, visit: http://www.entrepreneurindicator.com/.

Contacts:

Ryan Meyer (USA)
Entrepreneurs’ Organization
Phone: +1.571.481.2427
Email: rmeyer@eonetwork.org

Ally Sung Hee Lim (Singapore)
The Standard Chartered Private Bank
Tel: +65 6439 3432
Email: Ally.Lim@sc.com

Maria Shum / Imogen Harvey (UK)
The HeadLand Consultancy
Tel: +44 207 3675 227 / +44 207 3675 235
Email: mshum@headlandconsultancy.co.uk / iharvey@headlandconsultancy.co.uk

About the Entrepreneurs’ Organization

The Entrepreneurs’ Organization (www.eonetwork.org) is a dynamic, global network of more than 7,500 business owners in 38 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 116 chapters is by invitation only; the average member is 40 years old with annual revenues of US$18.4 million.

For more information on the Entrepreneurs’ Organization, visit www.eonetwork.org or call +1.703.519.6700.

Standard Chartered Private Bank

Standard Chartered Private Bank is the private banking division of Standard Chartered. Headquartered in Singapore, the Private Bank provides exciting career opportunities to over 1,300 employees including over 450 relationship managers globally. It has 31 offices in Asia, Africa, Middle East, Americas and Europe.

The Private Bank has grown strongly since its inception in May 2007. On top of its strong organic growth, it acquired American Express Bank in 2008, through which it has further improved its capabilities. The Private Bank has been showing continued strong growth: In 2009, it saw assets under management increase by 26% in Asia and 12% globally and its client base increased by 25%. In the first half of 2010, its asset under management has grown by 27% in Asia and 12% globally with over 2,500 clients.

The Private Bank leverages the natural strengths of Standard Chartered: A heritage of over 150 years in international banking, an international network across more than 70 countries and strong local presence in growth markets. This puts The Private Bank in an advantaged position to build and deepen relationship with its clients.

Standard Chartered Private Bank won the “Outstanding Private Bank in Asia Pacific” award, for the third year in a row, at the annual Private Banker International Global Awards 2010. It also received “The Best Private Bank in Asia” award by The Banker in 2010.

For more information, please visit: www.privatebank.standardchartered.com

Disclaimer

The Standard Chartered Private Bank is the private banking division of Standard Chartered Bank (“SCB”). Private banking activities may be carried out internationally by different SCB legal entities and affiliates according to local regulatory requirements. Not all products and services are provided by all SCB branches, subsidiaries and affiliates. Some of the SCB entities and affiliates only act as representatives of the Standard Chartered Private Bank, and may not be able to offer products and services, or offer advice to clients. They serve as points of contact only.

In Hong Kong, The Standard Chartered Private Bank is the private banking division of Standard Chartered Bank (Hong Kong) Limited.

Standard Chartered Bank is incorporated in England and Wales with limited liability by Royal Charter 1853, Reference number ZC 18.  The Principal Office of the Company is situated in England at 1 Aldermanbury Square London EC2V 7SB. Standard Chartered Bank is authorised and regulated by the Financial Services Authority under FSA register number 114276.

Standard Chartered – leading the way in Asia, Africa and the Middle East

Standard Chartered PLC is a leading international bank, listed on the London and Hong Kong stock exchanges. It has operated for over 150 years in some of the world’s most dynamic markets and earns around 90 per cent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank’s growth in recent years.

With 1700 offices in 70 markets, Standard Chartered offers exciting and challenging international career opportunities for its 75,000 staff. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. The Bank’s heritage and values are expressed in its brand promise, ‘Here for good’.

For more information on Standard Chartered, please visit www.standardchartered.com

# # #

Global Entrepreneur Indicator Provides Insights Into Economy, Current Business Climate

Published: Aug 6th, 2010

For Immediate Release

Entrepreneurs from Around the World Provide Insights Into Economy, Current Business Climate

Alexandria, VA, USA (5 August 2010) – The Global Entrepreneur Indicator survey, published today by the Entrepreneurs’ Organization (EO) and The Standard Chartered Private Bank (The Bank), was designed to take the pulse of the entrepreneurial community, identifying benchmarks and trends affecting business and the economy. More than any other population, industry or common benchmark, the world’s leading entrepreneurs can help explain and predict the state of the global economy.

The survey is one of the activities resulting from the strategic partnership between the two organizations, which will enable them to leverage their unique networks to exchange knowledge and conduct in-depth, powerful joint research projects. The Bank has an extensive international network across over 70 countries in Asia, Africa, the Middle East, Europe and Americas. The Entrepreneurs’ Organization, one of the biggest global networks of business owners, has a membership of more than 7,500 business owners across 38 countries.

What separates the Global Entrepreneur Indicator from other studies is its unique ability to target only leading entrepreneurs – those successful, innovative and flexible businesses that provide the best basis for predictions about the global economy.  Each of the Global Entrepreneur Indicator respondents is the founder, co-founder, owner or controlling shareholder of a business that grosses more than US$1 million annually. The average respondent’s business has annual revenues of US$18.4 million and employs 191 people.

The Global Entrepreneur Indicator was designed to gather insights into as many of these unique areas as possible, including job data, profits, exposure to debt, investments and growth industries, among others. This data provides a comprehensive look into the global economy and serves as a leading indicator which can be used to predict trends affecting economic growth around the world.

The Global Entrepreneur Indicator produces findings that reflect global data and trends, as well as regional reports tailored to reflect the state of entrepreneurship in the United States, Europe, Asia, Canada and Australia. All findings, reports and analysis are published on the Global Entrepreneur Indicator Web site.

A snapshot of the findings includes:

  • Over the coming 12 months, almost all entrepreneurs globally (96%) predict the number of people they employ will increase or remain the same, with over three quarters (76%) predicting an increase in employment.
  • The majority of entrepreneurs globally (80%) believe the economic environment in their country will improve or remain the same over the coming quarter, with over one third (34%) expecting the economy to improve.
  • Despite an overall stagnant prediction on the current economy and the current regulatory environment, many entrepreneurs maintain a positive outlook on starting a business in their home country – although they are less likely to recommend that foreigners do business in their country.

“This study mines an often elusive population of extremely successful business owners, those who are most often at the forefront in leading economic growth and recovery through their innovation and drive,” said Sally Ernst, the lead researcher on the Global Entrepreneur Indicator initiative. “The data gathered here and in subsequent studies will serve as an important device for leaders of industry and government to use as a predictor of economic trends around the world.”

The strategic alliance will allow The Private Bank to gain insights into entrepreneurs globally. The Private Bank, in return, aims to act as a valuable resource for entrepreneurs, bringing to the alliance access to investment advice, economic outlooks and insights into areas of importance such as business succession planning and networking opportunities with other organizations in the entrepreneurial space.

“This alliance further underlines our commitment to entrepreneurs. Understanding young business owners is key to our future business success,” commented Shayne Nelson, CEO and Global Head of the Private Bank. “This partnership allows us to share our investment knowledge with and provide support to entrepreneurs. Our aim is to become an invaluable resource to entrepreneurs globally by sharing knowledge and creating programs that will help them develop their businesses even further.”

The two parties will also conduct joint research projects to understand entrepreneurs’ views on business conditions and financial needs and behaviors. This alliance makes the Private Bank the first global financial services partner for EO.

To learn more about the Global Entrepreneur Indicator, visit: http://www.entrepreneurindicator.com/.

Contacts:

Ryan Meyer (USA)
Entrepreneurs’ Organization
Phone: +1.571.481.2427
Email: rmeyer@eonetwork.org

Ally Sung Hee Lim (Singapore)
The Standard Chartered Private Bank
Tel: +65 6439 3432
Email: Ally.Lim@sc.com

Maria Shum / Imogen Harvey (UK)
The HeadLand Consultancy
Tel: +44 207 3675 227 / +44 207 3675 235
Email: mshum@headlandconsultancy.co.uk / iharvey@headlandconsultancy.co.uk

About the Entrepreneurs’ Organization

The Entrepreneurs’ Organization (www.eonetwork.org) is a dynamic, global network of more than 7,500 business owners in 38 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 116 chapters is by invitation only; the average member is 40 years old with annual revenues of US$18.4 million.

For more information on the Entrepreneurs’ Organization, visit www.eonetwork.org or call +1.703.519.6700.

About The Standard Chartered Private Bank

The Standard Chartered Private Bank is the private banking division of Standard Chartered. Headquartered in Singapore, The Private Bank provides exciting career opportunities to over 1,300 employees including over 400 relationship managers globally. It has 31 offices in Asia, Africa, Middle East, Americas and Europe.

The Private Bank has grown strongly since its inception in May 2007. On top of its strong organic growth, it acquired American Express Bank in 2008, through which it has further improved its capabilities. In a difficult market environment in 2009, The Private Bank continued to record strong growth: Assets under Management increased by 26 per cent in Asia and 12 per cent globally and its client base increased by 25 per cent.

The Private Bank leverages the natural strengths of Standard Chartered: Over 150 year heritage of international banking experience, an international network across over 70 countries and strong local presence in growth markets. This puts The Private Bank in an advantaged position to build and deepen relationship with its clients.

The Standard Chartered Private Bank won the “Outstanding Private Bank in Asia Pacific” award, for the second year in a row, at the annual Private Banker International Global Awards 2009. It was also awarded Best Financial Services Web Site in the 2009 Web Marketing Association Awards.

For more information, please visit: www.privatebank.standardchartered.com.

Disclaimer

The Standard Chartered Private Bank is the private banking division of Standard Chartered Bank (“SCB”). Private banking activities may be carried out internationally by different SCB legal entities and affiliates according to local regulatory requirements. Not all products and services are provided by all SCB branches, subsidiaries and affiliates. Some of the SCB entities and affiliates only act as representatives of the Standard Chartered Private Bank, and may not be able to offer products and services, or offer advice to clients. They serve as points of contact only.

In Hong Kong, The Standard Chartered Private Bank is the private banking division of Standard Chartered Bank (Hong Kong) Limited.

Standard Chartered Bank is incorporated in England and Wales with limited liability by Royal Charter 1853, Reference number ZC 18.  The Principal Office of the Company is situated in England at 1 Aldermanbury Square London EC2V 7SB. Standard Chartered Bank is authorised and regulated by the Financial Services Authority under FSA register number 114276.

Standard Chartered – leading the way in Asia, Africa and the Middle East

Standard Chartered PLC is a leading international bank, listed on the London and Hong Kong stock exchanges. It has operated for over 150 years in some of the world’s most dynamic markets and earns around 90 per cent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank’s growth in recent years.

With 1700 offices in 70 markets, Standard Chartered offers exciting and challenging international career opportunities for its 75,000 staff. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. The Bank’s heritage and values are expressed in its brand promise, ‘Here for good’.

For more information on Standard Chartered, please visit www.standardchartered.com

# # #

Global Summary Reports Published!

Published: Jul 28th, 2010

Hello, Indicator followers.  You may have seen some recent teaser pieces in the Wall Street Journal and elsewhere, and on the heels of those advance stories we’re happy to announce that we’ve published our high-level global findings in several areas: Entrepreneurial Efficacy, Entrepreneurial Performance, and Alternative Asset Classes.  You can download the reports here.

© 2013  Entrepreneurs' Organization. All Rights Reserved.