The Austin chapter of Entrepreneurs’ Organization today announced results from the latest Global Entrepreneur Indicator, showing that Austin business leaders have experienced strong growth — far outpacing the global average — and expect continued success going into the second half of 2014.
The biannual report surveys more than 9500 member entrepreneurs from around the globe, uncovering trends across a variety of performance-related metrics, including hiring, revenue growth and overall confidence in the business environment.
Highlights from the Austin survey, in comparison to global responses, include:
- 84% of Austin entrepreneurs plan to make additional full-time hires in the next six months, compared to 67% globally.
- 82% of Austin respondents have experienced an increase in revenue in the last six months, with 97% expecting continued revenue growth in the coming six months. Globally, 68% experienced recent revenue growth, and 83% expect future growth.
- 93% of Austin business owners would consider starting another business, compared to 84% globally.
“The most recent Indicator survey results show that Austin continues to be prime real estate for those looking to start or grow their businesses ,” said Dustin Wells, EO Austin president and CEO of Headspring. “Austin business owners benefit from a variety of elements — access to talent, a strong culture of camaraderie within the community, and a wealth of resources and support networks that really set local entrepreneurs up for long-term success.”
Despite strong local growth, Austin entrepreneurs are less optimistic about the global economic environment. While 48% of global respondents expect improvement in the coming six months, only 39% of local business owners agreed.
The Global Entrepreneur Indicator is a bi-annual survey conducted by Entrepreneurs’ Organization, a network of more than 9,500 business owners across the globe. Survey respondents are founders of businesses with at least $1 million in annual revenue.