Global survey compares Cape Town entrepreneurs with intl owners
Entrepreneurs' Organisation (EO) carried out a global survey of entrepreneurs and business owners in June 2012 and netted a sample of more than 2200 global entrepreneurs with an average of US$18.3 million in annual business revenue and 192 employees.
Research indicators included performance-related metrics such as jobs, profits and debt loads. Other segments included business climate issues such as access to capital, predictions on the economy and how willing an entrepreneur is to start a new business.
The EO Cape Town Chapter has nearly 60 members representing just about every industry so the latest results from the Global Entrepreneur Indicator research project are informative. There are positive trends in hiring and business performance and Cape Town businesses were no exception.
EO Cape Town findings
Locally, Sam Paddock communication chair for EO Cape Town and owner of Get Smarter, added, "It's encouraging to see local entrepreneurial organisations performing significantly better than their global counterparts. There is some magic to the Cape Town entrepreneurial scene and I expect that this trend of strong business performance will continue."