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Small Business Hopes Flourish
in Ohio Despite Diminishing EconomyView Online
PRNewswire | January
27, 2009 - Forbes
CLEVELAND, OH, Jan. 27 /PRNewswire/ - Northeast Ohio entrepreneurs
are confident in their ability to overcome the economic downturn,
according to Cleveland's Entrepreneur Organization. Members
of the Cleveland Entrepreneur Organization recently participated
in an annual global economic outlook survey. Almost half of
the entrepreneurs surveyed anticipate an increase in
revenues
in 2009. One in five also reported they are more likely to
start a business this year than they were in 2008.
"This survey is definitely representative of how are
members in Northeast Ohio are viewing the current economic
environment," said Joel Goldstein, president of Cleveland's
Entrepreneur Organization. "Most of our members are being
cautiously optimistic. They are actively sharing innovative
ways to cut back on expenses and increase revenues this year
within our EO forum meetings."
Top concerns among business owners were financing, health
care costs, and the impact of the US presidential election.
Still 70 percent of those surveyed reported they were highly
confident or confident about surviving the economic crisis.
Business owners also reported they would not cutback on philanthropic
or environmental efforts despite the economic downturn.
Cleveland's Entrepreneur Organization is open to business
owners who do a minimum of $1M in annual revenue. The chapter
allows entrepreneurs to exchange best practices, share insights
and offer support while expanding their network. For more
information or to view the complete survey visit: www.eonetwork.org
About Cleveland's Entrepreneur Organization
Cleveland's Entrepreneurs Organization is made up of business
owners from Northeast Ohio who do $1 M plus in annual revenue.
The chapter is a branch of a dynamic, global network of more
than 7,000 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 113 chapters is by invitation only;
the average member is 39 years old with annual revenues of
US$14.4 million. For more information Cleveland's chapter
visit: www.eonetwork.org
